Immediate Income
Annuity Advantages
When considering your retirement plan there are many investment options available. One of those options is a single premium immediate annuity (SPIA), commonly referred to as an income annuity. Purchasing an immediate annuity involves depositing a lump sum with an insurance company in exchange for a guaranteed lifetime payment amount that would be distributed to you periodically, most commonly on a monthly basis.
Immediate Annuity (SPIA) advantages include:
- Security – Immediate annuities provide stable lifetime income that can never be outlived or may be guaranteed for a specified period of time.
- Simplicity – The immediate annuity owner does not have to manage their investments, watch markets, report dividends or capital gains, etc.
- High Returns – Generally the payment amount received is significantly higher than simply withdrawing interest earnings from CDs or Treasuries, since part of the principal is returned with each payment.
- Preferred Tax Treatment – Immediate annuities allow owners to postpone taxes on some earnings accumulated in a "tax-deferred" annuity when rolled into an immediate annuity.
- Safety of Principal – Funds are guaranteed by assets of the issuing insurance company and not subject to the fluctuations of financial markets.
- No sales or administrative charges.
At Annuity Advantage it is our goal to aid our customers in making smart and savvy annuity decisions. With a wide range of retirement options available to clients, we make it our job to weigh the pros and cons of each of those alternatives.
To request a free immediate annuity quote and further explore your options, please fill out the form provided on this page. We guarantee all information submitted through this form will be secure and kept confidential. Submit this form today with your information and you will receive our brochure via e-mail automatically!