What Does A Fixed Annuity Cost? 
In short , it depends on the size of the annuity -LRB- how much you want to put it in -RRB- . If you want to buy an immediate annuity , you 're paying a sum of money to the insurance company in one payment and you 're done - you start receiving annuity payments immediately . If you want to buy a deferred annuity , you are paying premiums to the carrier throughout a given number of periods - you start receiving annuity payments at a future point in time . The advantage being that the monies put into the annuity grow tax-deferred . What you get out of the annuity will vary a lot as well because each carrier that offers annuities will offer different interest rates so one company may offer a large payout to you than another even though you 're putting in the same amount of money either way . This is where an independent annuity broker comes in handy because they can work with you on a personal level , compare options from multiple carriers to see which will offer you the best payout , and get your annuity set up - plus , brokers do not charge fees for their services so you can only help yourself . I hope the information is helpful - please feel free to contact me for assistance and if you have any further questions . Thanks very much . 