If you're looking for an "immediate" ongoing source of cash flow which you could't outlive, only one premium immediate annuity might be best for your needs. An individual high quality immediate annuity (SPIA) allows you to use a lump sum of the assets to buy a guaranteed1 "retirement paycheck". https://annuitiesinsurance96395.bloggip.com/20071828/the-definitive-guide-to-annuity-insurance