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Immediate Annuity - Most Basic Type of AnnuityAn immediate annuity converts a lump-sum contribution into a guaranteed income stream, starting within a year, for a specified period or a lifetime.
Guide to Annuities: Types, Payouts and Expert Q AAn annuity is a contract from an insurance company that provides the buyer with a fixed or variable income stream.
How to Buy an Annuity: A Step-by-Step GuideAnnuities are generally bought through an insurance company. You can also buy them from a brokerage firm, mutual fund company or bank.
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