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.
Our SPIA distributions period can be between 3-15 years and distributions can be made monthly, quarterly, semi-annually, or annually.
Founded 1940
American Century Life Insurance Company
1333 W. McDermott Dr. #200
Allen, TX 75013
Phone (855) 966-1111
Fax (855) 855-0181
[email protected]
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Guarantees are backed by the claims-paying ability of American Century Life Insurance Company (“ACLIC”). Annuities are designed for long-term accumulation of money; surrender and withdrawal fees may apply on early withdrawals. Annuity withdrawals are subject to income tax and withdrawals prior to age 59½ may also be subject to an IRS penalty.
The statements and comments offered in this communication are provided as general information and ideas. They are not intended to be, nor should they be relied on as, investment, legal, tax advice or recommendations. Before making a decision or giving advice about any matter contained in this communication, agents or individuals should consult their own attorney, tax or investment advisor.
Products and services are underwritten and/or provided by ACLIC in the states in which the company is licensed. Products and services may not be available in all states.