Single Premium Immediate Annuity

Single Premium Immediate Annuities

SPIAs Provide Income ONLY

Annuities that turn on income right now for life, or a fixed period, or both

SPIAs take a single premium amount and turn it into an immediate income stream.  The income can last for lifetime, for two lifetimes, for a fixed number of years, or a combination of the lifetime(s) and a fixed period.