What Are Immediate Annuities? 
When you look into an Annuity you have a variety of ways to fund it . You can make monthly payments , you can make a lump sum payment and you can make lump sum to start off and add to it . In an Immediate Annuity you can make a lump sum payment , annuitize it and begin to receive monthly payments . People who want to have a steady monthly payment tend to utilize this type of annuity so they can get regular payments from the insurer . 