Immediate Annuity

An immediate annuity (SPIA) is an insurance contract (with no cash value) in which a contract owner exchanges a lump sum of money with an insurance company for an immediate, irrevocable series of retirement income payments that are guaranteed for the specified period of the contract.

Product categories
State Availability
Company Rating
Designed For:
Contract Length
Enhanced Benefits
Fixed Annuity Rate
Lifetime Income
Annual Withdrawals
Premium Bonus
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