Podcast #2: What is a Single Premium Immediate Annuity (SPIA)?


In this episode, The Annuity Man discusses:

  • What is a SPIA and how does it work
  • The history of SPIAs
  • The benefits and limitations of a SPIA
  • How to get your free copy of the SPIA Owner’s Manual

Key Takeaways:

  • SPIAs are simple & efficient transfer of risk pension plans
  • SPIAs quotes are customizable to contractually guarantee your specific goals
  • SPIAs are commodities, and all carries should be quoted to find the highest contractual guarantee
  • SPIA payments are primarily based on your life expectancy, not interest rates

Single Premium Immediate Annuities (SPIAs), 99.9% of the time, are going to have the highest contractual guaranteed payout. Period.

The Annuity Man