INSURANCE,FINANCEanarrangementwith aninsurancecompanyin which youpaythem onelargesumofmoneyand then theyimmediatelybeginpayingyouregularamountseachmonth:Immediateannuitiesofferasecureway toshoreupyourretirementincome.(Definition ofimmediate annuityfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofimmediate annuity
immediate annuitySuch a contract is called a variableimmediateannuity.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The overarching characteristic of theimmediateannuityis that it is a vehicle for distributing savings with a tax-deferred growth factor.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.As part of the settlement the eldest son would be granted animmediateannuityon the land or a lump sum.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.A common use for animmediateannuitymight be to provide a pension income.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Note that this is different from animmediateannuity.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.A common use for animmediateannuityis to provide a pension to a retired person or persons.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.An annuity contract may also be structured so that it has only the annuity phase; such a contract is called animmediateannuity.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Unfortunately, this framework as it currently stands, does not accommodateimmediateannuityproducts with their life-contingent status and mortality-dependent income flow.From theCambridge English CorpusCommentators also pointed out that because of limited capacity in theimmediateannuitymarket, the proposal to value pensioner liabilities by reference to immediate annuities was not feasible.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0For single-premium immediate annuities, this means that there is some guaranteed annuity and an annuity resulting from surplus.From theCambridge English CorpusThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/immediate-annuity##
