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Turn Your Savings Into
Guaranteed Lifetime Income

A Single Premium Immediate Annuity (SPIA) gives you reliable, predictable payments for life—starting now.

If you’re retiring and want to convert your savings into a steady paycheck, consider a SPIA. It allows you to turn a portion of your assets into a predictable source of income.
Get a Free SPIA Quote
Schedule a Consultation

What is a Single Premium
Immediate Annuity (SPIA)?

A SPIA is a contract with an insurance company that converts your lump sum into a stream of guaranteed payments, beginning immediately.

Unlike other retirement accounts, where you have to manage withdrawals and market risk, a SPIA:

  • Provides a guaranteed income stream-starting within 30 days
  • Eliminates stock market risk (your payments don't fluctuate)
  • Can last for life or a fixed period
  • May include survivor benefits for your spouse
See How Much You Can Receive

Who Should Consider
a SPIA?

A Single Premium Immediate Annuity is right for you if:

  • You're retiring and want a guaranteed income paycheck
  • You're concerned about outliving your savings
  • You want to avoid market risks and fluctuating investments
  • You prefer simplicity-just set it up and start receiving payments
  • You have a lump sum (such as a 401(k), pension, or inheritance) that you want to turn into stable income.
Check Your SPIA Income Options

SPIA vs. Other Retirement Income Options

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Retirement Income Option
Group 1000006212 (7)
Best for
038---Employee-Benefits
Key Benefits
Group 1000006212 (8)
Market Risk?

SPIA (Single Premium
Immediate Annuity)

Retirees who need
immediate, guaranteed income

Fixed, reliable payments for life or a set period

N0

401(k) or IRA
Withdrawals

Those who want
flexibility

Access to funds, but must manage withdrawals

yes

Fixed Indexed Annuity
(FIA)

Those who want poten- tial growth & income
Gains linked to the market, but no losses
No

Stocks & Dividends

Investors comfortable with market swings
Potential for higher re- turns, but no guarantees
Yes
Compare SPIA Quotes Now
profit
Retirement Income Option
profit
Best for
profit
Key Benefits
profit
Market Risk?

SPIA (Single Premium
Immediate Annuity)

Retirees who need
immediate, guaranteed income

Fixed, reliable payments for life or a set period

N0

401(k) or IRA
Withdrawals

Those who want flexibility
Access to funds, but must manage withdrawals

yes

Fixed Indexed Annuity
(FIA)

Those who want poten- tial growth & income
Gains linked to the market, but no losses
No

Stocks & Dividends

Investors comfortable with market swings
Potential for higher re- turns, but no guarantees
Yes

How Does a SPIA Work?

It’s a simple 3-step process:

Choose Your Payout Structure

Lifetime Payments -

Guaranteed for as long as you live.

Period Certain Payments -

Fixed for a set number of years.
Fund Your SPIA

Use savings, a 401(k) rollover, IRA, or pension lump sum to fund your annuity.

Receive Your Payments

Receive guaranteed income payments that can start within 30 days and continue for life or your chosen period.

See How Much You Can Get

Common Questions About SPIAs

Still have questions? Here are the answers to the most common questions we receive:

How soon do payments start with a SPIA?

Your payments start within 30 days of funding your SPIA, depending on the contract start date.

That depends on the payout structure you choose:

  • Life Only: Payments typically stop upon death.
  • Joint and Survivor: Payments generally continue to the surviving joint annuitant (e.g., a spouse).
  • Period Certain / Refund: Payments may continue to beneficiaries for a guaranteed period or until the premium is returned.

If you want guaranteed lifetime income and don’t want to worry
about withdrawals, a SPIA is one of the safest ways to create a predictable paycheck.

Talk to an Annuity Expert About Your Options

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Call Or Fill In The Form Below To Speak With Our Servcie Team to Get Things Started

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Find out how much guaranteed income you
can receive.

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Schedule a Consultation

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