What Is The Accumulation Period For Immediate Annuities? 
There is no accumulation period for immediate annuities . After you purchase the SPIA -LRB- Single Premium Immediate Annuity -RRB- with a single lump sum amount , you are able to begin receiving payments from the annuity almost immediately . Typically , you will receive your first payment one month after the immediate annuity is procured . 