Guaranteed Income: | |
SINGLE PREMIUM IMMEDIATE ANNUITY This single premium contract when established pays a specified periodic distribution or for a lifetime of income. An Immediate Annuity provides an income benefit almost instantly. With an Immediate Annuity, the Annuitant establishes the annuity with a single premium payment. |
|
• | Uses annuitant's initial large premium deposit as the basis for immediate contracted settlement payments. |
• | Annuitant is "locked in" to the settlement option, payment amount, payment scheduled selected, and rate in effect for settlements at time of commencement. |
• | Oneātime deposit, additional deposits allowed for 30 days. |
• | The interest rate at the time of purchase is a fixed rate and is guaranteed throughout the term of the annuity. |
Available Settlement Options: | |
• | Life Only |
• | Specified Period |
• | Life and Period Certain |
^ Return to top of page |