I need a paragrah about Conception of Immediate Annuity Brie

I need a paragrah about Conception of Immediate Annuity. (Briefly 100words)

Solution

Dear Student Thank you for using Chegg !! Immediate Annuity Immediate Annuity is an annuity that starts making income immediately after it is set up i.e. first payment comes a month or so after applying. After buying immediate annuity it is difficult to get out of it. But the insurance company continues to make payment to you. Amount of money one gets from insurance companies depends on following factors a) Amount of money invested b) Time period for which annuity is planned In case of life time payments for immediate annuity, the payments generally stop in event of death.