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Which Type Is Right for You?: Immediate Fixed Annuities

Get the skinny on an immediate fixed annuity, and see if it's a good choice for you.


An insurance product to help you stretch your retirement dollars.

How it works:

You invest a lump sum and receive a fixed monthly income for life.

Typical investor:

Retirees age 60 or older who want current income.


Simple to understand and easy to comparison-shop.

Fixed payouts may not keep pace with inflation.

Monthly payouts of about 7% or more of your initial investment for life.

Once purchased, you can't change your mind.

To see if a deferred variable annuity is a better fit, read Which Type Is Right for You?: Deferred Variable Annuities.