Single Life Annuity
Single Life Annuity New Page 2 New Page 3 New Page 4

Guaranteed Single Lifetime Income Options

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.

Key Benefits

bulletLongevity protection - Guaranteed an income that can not be outlived.
bulletStable level income - The guaranteed payment will never decrease.
bulletInflation protection - A single life annuity has an option that guarantees increases annually.

Single Life Pricing Options

Type

Description
Life ONLY The income payments will cease upon death
Life With Period Certain This option provides a guaranteed income for life plus if death occurs prior to the end of a specified period (5 to 50 years) the payments will be transferred to the beneficiary for the remainder of that period.
Life With Refund (money back guarantee)

This option provides a guaranteed income for life and also guarantees the total of the payments received will never be less than the total of the funds paid to purchase this option or the (principal). If death occurs before receiving at least that amount, your beneficiary will continue to receive payments until the full amount is repaid.

 

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Last modified: 02/10/09
California Insurance License # 0B91910