Single Premium Immediate Annuity Quote

Single Premium Immediate Annuity SPIA Its a great time to sell a SPIA - longevity is headline news because so few Americans have taken it into consideration when planning for retirement.

Single premium immediate annuity quote. When you are shopping for immediate annuity rates or immediate annuity quotes it is good to understand that this is the most fundamental pure form of an annuity. A single premium immediate annuity is a contract with an insurance company whereby. What are the key benefits of a single premium immediate annuity.

Although the annuity has been purchased all at once the payment out of the annuity can be deferred for many years. To be classified as an immediate annuity an annuity contract must begin to make payments within 12 months from initial contract date. All reputable immediate annuity providers are rated by AM.

It is most similar to a pension but one that you buy for. With a Single Premium Immediate Annuity SPIA you decide how long you want to receive payments and youll know exactly how much those payments will be whether for a set number of years or the rest of your life. Investors often put a portion of their money into Single Premium Immediate Annuities financial products that offer a simple way to add guaranteed growth to portfolios.

With Single-Premium Annuities the investment into the annuity is made all at once in one lump sum. Single Premium Immediate Annuities acronym SPIA date back a couple of thousand years and it is what we today commonly call an immediate lifetime annuity. In less than 3 minutes youll see instant annuity quotes from top-rated brands on your screen.

A single premium immediate annuity is a contract you purchase from an insurance company with a single lump sum premium purchase amount. The product names and precise contract terms vary from company to company but there are essentially two types of SPIA. A single premium immediate annuity generates a stream of income that is unaffected by financial markets and is guaranteed for life or for a period of time you choose.

These investments known as SPIAs come with minimum risk and provide a stream of payments that can last through retirement. The annuity contract is paid for all at one time and usually requires a minimum investment of at least 5000 or 10000. We do the work for you by comparing annuities from more than 150 insurance company websites including New York Life MetLife Mass Mutual Nationwide Pacific Life Principal and many others.