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.

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Contract Length
Enhanced Benefits
Fixed Annuity Rate
Lifetime Income
Annual Withdrawals
Premium Bonus
Liquidity
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