SPIA (Single Premium Immediate Annuity)

Building a Strong Retirement Starts with the Right Foundation

A strong retirement is built on four essentials:

1. Clarity – Know how your living expenses will be covered with reliable income.
2. Comfort – Ensure your income supports your desired lifestyle.
3. Cost of Living Awareness – Understand how longevity and inflation may impact your future expenses.
4. Certainty – Create income streams designed to last a lifetime.

Just as important is the company you rely on to deliver that income:

• Capital Strength – A long track record of financial stability.
• Risk Management – Ability to manage risk and provide flexible contract options.
• Consistency – Reliable performance across changing economic conditions.
• High Ratings – Recognized by agencies such as S&P, Moody’s, Fitch, and AM Best.
• Financial Backing – Guarantees supported by the full faith and credit of the issuing company.

What Is a SPIA? 

A Single Premium Immediate Annuity (SPIA) offers guaranteed income for life, making it an effective tool to support retirement security.

Here’s how it works:

1. One-Time Payment – You make a single upfront premium payment.
2. Immediate Payouts – Income payments begin right away.
3. Lifetime Income – Payments can last as long as you live, regardless of market performance or interest rate fluctuations.

Think of a SPIA like your own personal pension:

• Customizable: Choose from various payout options that suit your needs.
• No Ongoing Fees: SPIAs are simple and transparent.

Proven Track Record: Annuities have stood the test of time—originating in Roman days as lifetime payments for soldiers. Today, they remain a modern solution for guaranteed income, no combat required.

By transferring the risk to a financially strong insurance company, a SPIA helps you avoid the risk of outliving your assets and creates financial peace of mind.

Is a SPIA Right for You?

A SPIA can help you enjoy a more comfortable and worry-free retirement by turning a portion of your savings into reliable income.

It may be a good fit if you:

• Want predictable, guaranteed income to cover basic expenses
• Are concerned about outliving your savings
• Prefer freedom from managing investments or timing withdrawals
• Wish to customize payouts for yourself, your spouse, or beneficiaries
• Have other assets set aside for growth or unexpected needs
• Value simplicity and security in your retirement plan

Consider converting just 10% of your nest egg into a SPIA to build a strong income foundation while keeping the rest of your portfolio flexible.

Ready to Strengthen Your Retirement

We invite you to take the next step in securing your retirement income. Schedule a one-on-one discovery meeting today to explore how a Single Premium Immediate Annuity can bring stability, predictable income, and peace of mind to your retirement plan. In this friendly, no-obligation meeting, we’ll answer your questions and tailor solutions to your needs. 

Contact Us to get started today.