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Witryna11 kwi 2024 · A SPIA allows you to make a single lump-sum payment and begin collecting a steady income stream in less than 12 months. It’s also called an immediate annuity or income annuity. They account for only about 10% of annuities sold each year and are preferred by people close to retirement age. Peace of Mind Comes From … Witryna3 lut 2024 · The three main types of income to consider are: 1. Active income If you have a job and receive a paycheck, you make your money through active or earned income. This means you're exchanging time, energy or material participation, in exchange for money. Active income includes payments such as wages, salaries, tips … WitrynaBenefits: The immediate annuity plan is the most basic form of annuity in the Indian market, yet it is laced with a host of features to benefit you. Some of the key ones are: You pay the lump-sum premium only once. You get a guaranteed regular income stream immediately upon investment. how to stop heavy periods during menopause