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What is an immediate annuity?

This type of annuity provides you with a secure way to turn your assets into guaranteed1 retirement income. Purchasing an immediate annuity requires a one-time premium payment. In return, you are guaranteed1 lifetime income. In most instances, immediate annuity payments are sent to you starting one month after you buy your annuity.  

Why consider an immediate annuity?

An immediate annuity may be right for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. Payments can be scheduled to supplement income from Social Security, a pension or a 401(k) plan.

Additional Resources

To learn more, read our Understanding Annuities brochure

1 All guarantees available under First Advantage for Income are subject to the financial strength and claims-paying ability of Foresters Life Insurance and Annuity Company.

Annuity contracts contain certain exclusions and limitations as well as terms for keeping them in force and for the payment of benefits. For complete costs and details, see your Representative.  

Contract guarantees apply only to certain annuity features and are subject to the claims-paying ability and financial strength of Foresters Life Insurance and Annuity Company.  The First Advantage for Income Immediate Annuity is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.  

Neither Foresters Financial nor its affiliates provide legal, tax or estate planning services. Should you require such services, you should consult a legal, tax or estate planning professional.  

First Advantage for Income is approved in these states with the following form numbers: SPIA-1 (01-09)(CA), SPIA-1 (01-09)(CT), SPIA-1 (01-09)(DC), SPIA-1 (01-09)(DE), SPIA-1 (01-09)(FL), SPIA-1 (01-09)(ND), SPIA-1 (01-09)(NY).  

In addition, the following states are approved as form number ICC09-SPIA-1 (01/09): AL, AR, AZ, CO, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY  

First Advantage for Income Immediate Annuities are issued Foresters Life Insurance and Annuity Company, 40 Wall Street, New York, NY 10005, 800 832 7783 and distributed by Foresters Financial Services, Inc., 40 Wall Street, New York, NY, 10005,  800 423 4026.

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