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Not all products are available in all states. We do not offer tax or legal advice. Fixed annuities are insurance products.
Rates shown are subject to change at any time. For firm confirmation of current rates, a written proposal should be requested by calling call (800) 373-9697.
Withdrawals prior to age 59 1/2 may be subject to a 10% penalty tax. Licensed in most states. Managing general agency CA Insurance License #0B67385
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A Single Life Immediate Annuity guarantees you will never outlive your income. The SPIA provides a regular, guaranteed income payments for life. In retirement planning the SPIA is the only product that guarantees you will never outlive your retirement income.
Single Lifetime SPIA:
This option provides a guaranteed income for as long as either joint annuitant is alive. When either annuitant dies, payments continue to the survivor and can be a partial percentage, such as two-thirds, or a full 100% of the payments received when both were living. If you select the Joint and Survivor Annuity option, you may also add a Period Certain option of 5 to 30 years. There are a few refund options available for joint lives.
Joint and Survivor SPIA:
PERIOD CERTAIN ONLY
This option provides a guaranteed income for a specified time period of (5 to 50 years). If death occurs prior to the end of the chosen period, the beneficiary will continue to receive payments for the remainder of the specified period.
DEFERRED START DIA
Sometimes clients want to start a payment stream at a certain time in the future. A DIA can be purchased with a guaranteed payment stream that starts as far out as perhaps 40 years.This can be a valuable planning tool where a 60 year old client may want $1,000 per month for life starting at his 75th birthday. The DIA can guarantee both the premium and benefit.
SPLIT or COMBO ANNUITY
A Split Annuity combines a Multi-Year Guarantee Annuity (MYGA) with a matching duration Single Premium Immediate Annuity (SPIA).
The MYGA will grow back to the initial premium while the PSIA will give an income stream that may have offer a tax exclusion ratio
Check out the Split Annuity video below: