SIE: 3.9.2.3. Purchasing Annuities

Taken from our SIE Online Guide

3.9.2.3. Purchasing Annuities

Annuitants may purchase an annuity in one of three ways.

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

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