Single Premium Immediate
Available in IA, IL, MD, MO, OH, PA, TX, WV, & WI
SPIA Rates
Period Certain:
- 3 Years: 2.50%
- 4 Years: 2.75%
- 5-10 Years: 3.50%
- 11-15 Years: 3.75%
- 16-20 Years: 4.00%
Period Certain + Life: 4.50%
Issue Ages vary by product type and term. The Single Premium Immediate Annuity (SPIA) converts a lump-sum investment into a series of income payments for a defined period or the lifetime of the annuitant. Interest rate is guaranteed for the chosen term.
Product Features:
- Guaranteed income that can be distributed monthly, quarterly, semi-annually or annually
- Payment schedule cannot be modified once established
- Additional deposit or withdrawals are not permitted
- Period Certain available in 3-20 year terms
- Period Certain + Life available in 5, 10, 15 or 20 year terms
- Life Option means you cannot outlive your payments
- Joint and survivor options available
- Minimum monthly payment of $50.00
- Available in both qualified and non-qualified
- Beneficiary continues to receive payment for remainder of guarantee period
Annuity rates subject to change. Consult a tax advisor to determine any tax implications.