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2. What is an immediate annuity? Benefits, risks and how ... - AOL

   www.aol.com/finance/immediate-annuity-benefits...

   April 30, 2024 at 12:34 PM. An immediate annuity is a financial product sold by insurance companies that allows you to convert a lump sum of money into a stream of guaranteed income payments. Most ...

3. Immediate Annuity: What Are Immediate Annuities and How Much ...

   www.aol.com/finance/immediate-annuity-immediate...

   The payouts for immediate annuities depend on whether you choose a life annuity or a term-certain annuity. It also depends on the age and gender of the annuitant, or the person who receives the ...

4. What Are the Pros & Cons of an Immediate Annuity? - AOL

   www.aol.com/pros-cons-immediate-annuity...

   An immediate annuity is the most basic type of annuity: You can buy this insurance contract with a single lump sum payment in exchange for a stream of income that is guaranteed over a specific ...

5. PNB MetLife India Insurance Company - Wikipedia

   en.wikipedia.org/wiki/PNB_MetLife_India...

   PNB MetLife India Insurance Company Limited (PNB MetLife) established in 2001 is one of the leading life insurance companies in India. PNB MetLife shareholders include MetLife International Holdings LLC (MIHL), Punjab National Bank (PNB), Jammu & Kashmir Bank Limited (JKB), and M. Pallonji and Company Private Limited, as well as other private ...

6. Open Market Option - Wikipedia

   en.wikipedia.org/wiki/Open_Market_Option

   The Open Market Option (or OMO) was introduced as part of the 1975 United Kingdom Finance Act and allows someone approaching retirement to ‘shop around’ for a number of options to convert their pension pot into an annuity, rather than simply taking the default rate offered by their pension provider. The term OMO is now generally used to ...

7. Retirement annuity plan - Wikipedia

   en.wikipedia.org/wiki/Retirement_annuity_plan

   Immediate Retirement Annuity. An immediate retirement annuity is an annuity that is purchased in a single lump sum, and payments on it begin immediately (30 days to 12 months), after the entry into force of the contract (there is no accumulation phase). An immediate annuity is good for turning a large amount of money into a source of permanent ...