Immediate Annuity Information

• Most SPIA's pay a one-time upfront commission
• Most SPIA's pay a reasonable 3.00% commission
• The commissions are built into the illustration pricing of a SPIA
• Most carriers require or allow direct deposit of the commission

Reduced commission:

• Short term period certain may have reduced commission (under 10 years usually)
• Some carriers reduce commission based on age of client. (age 80+ usually)
• Some carriers will reduce commission on very large premiums. 
• In states charging premium tax, commission may be excluded on premium tax.