Cost to fund a Single Premium Immediate Annuity (SPIA) has reduced from January! Medium pricing adjustment for May!

The cost to fund a guaranteed lifetime income of $3,333.34 every month just became more expensive.

Examples: $40,000 per year paid monthly with 100% of initial premium deposit guaranteed to be returned in the event of early death.

See samples for males and females ages 55, 60, 65, 70 and 75. The income starts 1 month after the company receives the money.

Past Videos on $40K Income Costs
January 2024 pricing video -    • Cost to fund lifetime income annuity ...  
August 2023 pricing video -    • Cost to fund a lifetime income annuit...  
2022 pricing video -    • Cost to fund a lifetime income annuit...  

Life with installment refund guarantees for as long as alive. If death happens before the total payments equal the initial premium deposit, the company will continue to pay a beneficiary until the payments do equal the initial premium.

Basically, if the owners dies the insurance company does NOT keep any of the initial premium that may be remaining, it goes direct to the named beneficiary(ies).

Exclusion ratio on Non-Qualified funds only. Quoted exclusions assume 100% of the premium is cost basis, after tax funds. 1035 exchanges may have a lower cost basis. Traditional qualified funds such as IRAs will be 100% taxable in most cases.

Rates illustrated subject to and will change, as we can see from last years pricing. So these rates could go down or up based on the current rate environment.

Video quotes based on rates effective 05/02/2024. Most rates will be valid for 7 days after quoted.

Pricing can vary in states with a premium tax.

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IMPORTANT INFORMATIONThis material is for informational or educational purposes & is not a recommendation to buy, sell, hold or rollover any asset. It does not take into account the specific financial situation, investment objectives, or need of an individual person. Withdrawals may be subject to ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty. Surrender charges may also apply. All guarantees are backed by the claims-paying ability of the issuer. Available in jurisdictions where approved.