Single Premium Deferred Annuity Rates

A single-premium deferred annuity SPDA is an annuity established with a single payment featuring investment growth solely during the accumulation phase.

Single premium deferred annuity rates. Unlike a single-premium annuity which requires a big lump-sum payment you can fund a flexible premium deferred annuity at your own speed. A single premium deferred annuity sometimes contains a bailout feature. That explains how the money gets into a single premium deferred annuity.

That growth occurs on a tax-deferred. Single Premium Immediate Annuities To purchase single premium immediate annuities or SPIAs clients pay a sum of money or a single premium up front. A single premium immediate annuity or SPIA is a great option for people who seek guaranteed periodic payments in the form of an income stream.

Deferred annuity for Single life 99400 48706 24105 7952 Option 2. You should buy a SPIA if you want the benefit of tax-deferral and the security of a pension-like income stream in retirement that begins within a. For example you may contribute only 500000 or 1 million to the annuity.

If the interest rate falls below a specified level the surrender charge is waived b. Single Premium Deferred Annuity. 2 years10 of prior anniversary contract value.

1st year10 of value at time of withdrawal. A single premium deferred annuity is funded by a single payment and allows your money to grow over a period of time with compound interest. Single premium immediate indexed deferred and fixed deferred annuities.

This information may help you explore results to analyze your financial goals and. The Annuitants will have to choose one of the following options. Which statement regarding this feature is correct.