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Immediate Annuities have five basic product groups. Within these groups are
many more guarantee options. Find the category that fits your situation best.
- Single Life Guaranteed Income
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This option provides a guaranteed income for
one persons life. There are several of type of single life immediate
annuities to fit all types of income situations.
- Joint Life Guaranteed Income
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This option provides a guaranteed income
on two lives for as long as either
annuitant is alive. When either annuitant dies, payments continue to the
survivor.
- Period Certain Guaranteed Income
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This option provides a guaranteed income for a
specific time period. Specify 5 -50 years and the payment is guaranteed
for that time period.
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- Deferred Start Immediate
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Pick future retirement income start date
and guarantee it today! A specific income to begin on a predetermined date
in the future.....
- Impaired Risk Age Rated Immediate
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Impaired
risk
age rated immediate annuities are medically underwritten and can increase
client income payouts! A retirement planning advantage.
- Inflation Protected C.O.L.A. Income
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This is a life annuity with payments that increase
or decrease by a set percentage each year.
A annually compounded increase from 1% to 10%. Initial benefit can be substantially lower than
non-COLA annuities.
- Money Back Guarantee
- "If I die the insurance company keeps my
money" This has been a concern of buyers of lifetime annuities. But
our SPIA program solves this concern with the money back guarantee
feature.
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Additional Features:
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Critical Illness Liquidity available-provides lump
sum accelerated benefit.
- Helps clients qualify for financial assistance. (Endorsement makes the
annuity non-transferable, non-assignable, non-commutable, non-surrenderable,
irrevocable, and no cash value.)
- Issue ages: O-100 NQ, 18-100 Q (age last for Annuitant)-
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Life Insurance and LTC
Funding
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More and more the SPIA is being
used to fund the premiums on life and LTC policies. Funds in an SPDA can
be exchanged to an SPIA and life insurance purchased.....
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Medicaid Planning Annuities
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Requires
that a single premium immediate annuity (SPIA) is used in Medicaid
planning and be issued as non-transferable and non-assignable . Call us
for a list of companies that issue policies which are non-transferable
/non-assignable.
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