01
Lifetime income
Payments continue for the covered life under the contract. A life-only choice may end at death without a remaining benefit.
SPIA / Immediate AnnuitiesFrom a lump sum
From a lump sum
to a stream of income.
A Single Premium Immediate Annuity may exchange a lump sum for contractual payments. The payout structure determines what those payments do.
Your goals. Your needs. Our focus.
IMMEDIATE INCOME
What is a SPIA?
A Single Premium Immediate Annuity is generally purchased with one premium and begins payments soon after purchase, according to the contract. It can be evaluated when current income is a priority.
The decision usually involves an important exchange: committing capital to payments can limit or remove access to the original lump sum. Review cancellation rights, any available liquidity features, and survivor provisions before purchasing.
Choose the structure, not just the payment.
02
Period certain
Payments are structured for a stated period. This is different from an unconditional promise of lifelong payments.
03
Joint-life concepts
Payments can be based on two lives. Survivor percentages and other options affect the initial payment and future benefit.
Income certainty and liquidity need balance.
A payout choice should consider age, spouse or partner needs, other income, accessible assets, legacy objectives, and inflation. Options providing survivor or refund benefits may change the payment amount.
Request a comparison of the available structures and consider what would happen after an early death, a long life, or an unexpected expense.
Annuities are long-term insurance contracts and are not suitable for everyone. Surrender periods, surrender charges, withdrawal restrictions, fees, and tax consequences may apply. Guarantees are subject to contract terms and the claims-paying ability of the issuing insurance company. Product features and availability vary by carrier and state.
YOUR GOALS. YOUR NEEDS. OUR FOCUS.
Schedule a Conversation Your next chapter starts with a conversation.
Tell us what matters to you. We’ll begin with your goals, your needs, and the questions on your mind.