SIE: Purchasing Annuities

Taken from our SIE Online Guide

Purchasing Annuities

Annuitants may purchase an annuity in one of three ways:

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Types of Purchase Options

Type of Annuity

How Purchased

Payout

Single premium deferred annuity

Lump sum

Delayed to a later date

Periodic payment deferred annuity

Weekly, monthly, or annually on a scheduled basis

Delayed to a later date

Immediate annuity

Lump sum

Begi