A product purchased with a lump sum, usually at the time retirement begins or afterwards. Payments begin within about a year. Immediate annuities can be either fixed or variable.
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About this Entry
This page contains a single entry by David published on July 13, 2005 12:21 AM.
JUNK BONDS was the previous entry in this blog.
INCURRED BUT NOT REPORTED LOSSES / IBNR is the next entry in this blog.
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