Single Premium Immediate Annuity
A single premium immediate annuity is a contract with an insurance company whereby you pay them a sum of money up front and they pay you a certain amount of money periodically for the rest of your life.
What we offer
At retirement, a single premium is paid from the accumulated retirement savings to guarantee a lifetime stream of payments. Our single premium immediate annuity can be a fixed annuity or a variable annuity. In a fixed annuity, the payout is a fixed amount each period while with a variable annuity, the payout is linked to the performance of a mutual fund.
Benefits at a glance
- 1Financial security
- 2Tax free for retirees over 65 years
- 3Fully customisable
- 4Guaranteed lifetime income fund