Custom Immediate Annuity
Other types of customized income payment contracts and be designed for your specific need. Deferred payments for minor children for college and or other gifting concerns are available along with contracts that diminish payments to account for future Social Security income integration or other income integration. Escalating payments that increase annually or every 3 or 5 years are also available. Due to IRS distribution rules, individuals with IRAs or other retirement plan monies may not purchase these kinds of contracts. However, individuals with post-tax savings may purchase these kinds of contracts. Your agent will have more information regarding these rules.