When you need
income you can count on

What is an immediate annuity?

An immediate annuity is the most basic type of annuity. You make one lump-sum contribution. It’s converted into an ongoing, guaranteed stream of income for a specified period of time (as few as five years) or for a lifetime. Withdrawals may begin within a year.

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A fixed immediate annuity is a contract you purchase from an insurance company and is designed for long-term retirement goals. It offers guaranteed fixed income payments for a specific period of time or for life. As you’re reading, please keep in mind that all guarantees and protections are subject to the claims-paying ability of Nationwide Life Insurance Company.

It’s important to note that fixed annuities are subject to risks, such as inflation risk and interest rate risk.

Were you looking for something different?    Varible_Circle_Icon Variable Annuity  FixedIndexed_Cicle_Icon Fixed indexed annuity Fixed_Cicle_Icon Fixed Annuity

Immediate annuities


What are the benefits?

Tax advantages
Its tax-deferred status allows you to benefit from compounded growth.

Also, if you fund your immediate annuity with money you’ve already paid taxes on, you’ll have a source of income that’s partially tax free.

Immediate income
You begin receiving guaranteed payments within the first year.

Customized guaranteed income
Create income for either one or two people for a specific period of time or for life.

Income steadiness 
You can count on a fixed, guaranteed amount on a set schedule. It helps, for example, if you want to budget living expenses over a long time, such as retirement.

Additional features for added protection
On some products, you may have options for a cost-of-living adjustment (to protect against inflation) and a liquidity feature (to allow lump-sum withdrawals in the event of a financial emergency). Liquidity benefits may be available for an additional cost. Keep in mind that not all annuity providers may offer these features.

What should you consider before purchasing

It’s not for everyone
This product may not be right for you if you: 

- Have enough income to maintain your cost of living and don’t need income security or
- Have little retirement savings and need immediate access to cash

Options matter
There are many different payout options and your investment advisor can help guide you.


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A fixed immediate annuity is a contract you purchase from an insurance company and is designed for long-term retirement goals. It offers guaranteed fixed income payments for a specific period of time or for life. As you’re reading, please keep in mind that all guarantees and protections are subject to the claims-paying ability of Nationwide Life Insurance Company. It’s important to note that fixed annuities are subject to risks, such as inflation risk and interest rate risk.



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