Can I Buy an Immediate Annuity at Age 45?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Can I Buy an Immediate Annuity at Age 45?

Yes, you can buy an immediate annuity at age 45. An immediate annuity is a financial product that allows you to invest a lump sum of money in return for regular payments that start almost immediately. The age at which you choose to purchase an annuity can impact the amount of the payments you receive.

Related Reading: Can you get an annuity at age 55

Examples of Immediate Annuities for Different Ages

Age of PurchaseLump Sum InvestedMonthly Annuity Payment (Approx.)

Benefits and Considerations at Age 45

  1. Early Start: Buying at a younger age means you start receiving payments sooner, which can be beneficial if you have immediate income needs.
  2. Lower Payments: Payments might be lower compared to purchasing at an older age, due to the longer expected payout period.
  3. Inflation Impact: Over a long period, inflation can erode the purchasing power of fixed annuity payments.


Purchasing an immediate annuity at age 45 is a viable option, especially if you seek a steady income stream early in life. However, it’s important to consider factors like the amount of the payments and the impact of inflation over time. With careful planning, an immediate annuity can be a valuable part of your financial strategy. Contact us today for a free quote.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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