Welcome to more time for activities that feed your soul. Secure a guaranteed income that you can’t outlive — without the concerns of the ups and downs of the stock market.

Single Premium Immediate Annuity (SPIA)1 is designed for individuals approaching retirement age. Unlike a deferred annuity, an immediate annuity begins paying out income immediately — typically within one month of purchase.2

You can turn qualified money (IRA and Roth IRA) or non-qualified money (post tax dollars) into an immediate annuity.

Product Specs

Check out a brief overview of our Single Premium Immediate Annuity product (SPIA).
  • Available for ages from 0 - 85
  • Minimum Deposit $10,0003
  • Purchased with a single lump-sum payment.
  • Supplement your Social Security and pension plans.
  • Customize your income based on your needs.


What is qualified money and non-qualified money?

Qualified money is tax-deferred. Non-qualified money use after-tax dollars.


Can I select a stream of income for shorter periods than ‘for life’?

Yes, the SPIA allows you to have your income to last for 5, 10, 15, 20, or 25 years. In the event of your passing before the designated period concludes, your beneficiary will be entitled to receive the remaining payments.

You can also combine these periods with a life contingency. If you live longer than the period, you can have payments continue for the rest of your life.


Subject to change. Products/features may not be available in all states. Not available in CA. 1) 22SPIA Plan Series. 2) Payments begin on the next installment mode; modes are monthly, quarterly, semi-annual or annual. 3) Call your sales representative if over $500,000.