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Immediate annuity
A type of annuity that starts providing benefits shortly after it has been purchased is known as immediate annuity. This type of annuity ensures that individuals receive payments without any delay, making it a popular choice for those who want to secure their financial future. Immediate annuities offer a steady stream of income, giving individuals peace of mind and stability. They are particularly useful for those who are retiring or looking for a reliable source of income.
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