An immediate annuity is an annuity for which the time between the contract date and the date of the first payment is not longer than the time interval between payments. A common use for an immediate annuity is to provide a pension to a retired person or persons.
Sponsored Topics. Middlebury is a town in and the shire town (county seat) of Addison County, Vermont, United States. The population was 8,496 at the 2010 census. Middlebury is home to both Middlebury College and the Henry Sheldon Museum of Vermont History.
Website: Town of Woodbury. Woodbury is a town and village in Orange County, New York, United States. The town population was 10,686 at the 2010 census. The village was incorporated in 2006 and comprises all of the town that is not part of the village of Harriman.