Immediate Annuity
For a steady source of funds to help supplement your retirement, an Immediate Annuity from American Family Insurance1 might be the tool for you. This annuity is set up by making one initial premium payment into the annuity. Your income payments are dispersed at the interval you choose – monthly, quarterly, semi-annually or annually.
For more information or to purchase a contract, please contact your local American Family Insurance agent.
Discounts
American Family Insurance offers a variety of ways to save money. See our discounts page for some of the options that may be available to you.
FAQs
- What is an immediate annuity?
- An immediate annuity is a contract from an insurance company that offers a series of monthly, quarterly, semiannual or annual payments that provide the annuitant (either you or someone else) with income over a period of time or for life. The annuity is set up by making one initial premium payment into the immediate annuity to fund the periodic income payments. The amount of guaranteed income payments depends upon the premium paid into the immediate annuity and the payment option you select. You may choose to receive payments in a fixed amount, for a fixed period of time or for life. Immediate annuities may also be paid out over two lifetimes under a joint annuity.
- What are the advantages of an immediate annuity?
- A primary advantage of an immediate annuity is that you may select an option that provides you a steady stream of income that you cannot outlive. Additionally, immediate annuities can provide an excellent source of income diversity by offering a conservative base income if you have other assets you would like to subject to more risk.
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1American Family Life Insurance Company
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