Series 7: 8.2.2. Purchasing Annuities

Taken from our Series 7 Online Guide

8.2.2. Purchasing Annuities

Annuitants may purchase an annuity in one of three ways:

Type of Annuity	How Purchased	How Paid
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	Payout begins in 30 days

Note: There is no periodic payment immediate annuity.

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