In a single premium immediate annuity (SPIA), you make single premium payment and begin receiving periodic distributions over a certain time period. The periodic distribution amount is set when the policy is issued and never changes.

The annuity calculator shows the estimated periodic payment based on the single premium amount.

Below are some important features of the annuity:

  • Payments period options of 5, 10, 15, and 20 years

  • Payment frequency can be made monthly, quarterly, semi-annually, or annually

  • Issue ages 0-90 for 5 & 10 year option, and 0-80 for the 15 & 20 year option

  • Minimum premium of $20,000, maximum premium of $500,000 (Home office approvals available for premiums greater than $500,000)

  • Qualified and non-qualified accounts available

  • The first payment is usually made within 30 days of the issue date of the policy. Payments can be made by direct deposit to your bank account or by check.

Annuity Calculator