More and more US retirees are moved toward the immediate annuities and the market for immediate annuities is increasing at a higher rate. Immediate Annuities are a fixed amount of money is paid periodically in the lifetime for exchange of single total payment. Insurer starts the payment to investors in 13 months from the purchase of immediate annuities. Since these annuities guarantees lifetime payment, New York Life Insurance stated that there is an increase of 80% in the sales during this first quarter. In 2008, 30% increase to $8.6 billion is made in the sales of immediate annuities, information estimated by an analyst in Beacon Research Evanston, Illnosis