FSD Insurance Services - Independent Fixed Annuity & Life Insurance Wholesaler
FSD Insurance Services - Independent Fixed Annuity & Life Insurance Wholesaler
Single Lifetime SPIA
A Single Life Immediate Annuity guarantees you will never outlive your income. The SPIA provides a regular, guaranteed income payments for life. In retirement planning the SPIA is the only product that guarantees you will never outlive your retirement income.
Life ONLY
The income payments will cease upon death.
Life With Period Certain
This option provides a guaranteed income for life plus if death occurs prior to the end of a specified period (5 to 50 years) the payments will be transferred to the beneficiary for the remainder of that period.
Life With Refund Guarantee
This option provides a guaranteed income for life and also guarantees the total of the payments received will never be less than the total of the premium paid to purchase this option.
Key Benefits
Joint and Survivor SPIA
This option provides a guaranteed income for as long as either joint annuitant is alive. When either annuitant dies, payments continue to the survivor and can be a partial percentage, such as two-thirds, or a full 100% of the payments received when both were living. If you select the Joint and Survivor Annuity option, you may also add a Period Certain option of 5 to 30 years. There are a few refund options available for joint lives.
Joint Life ONLY
The income payments will cease after death of both annuitants. As long as one is alive payments continue.
Joint Life With Period Certain
This option provides a guaranteed income for both lives plus if both die prior to the end of a specified period (5 to 50 years) the payments, in the same amount will be transferred to a named beneficiary for the remainder of that specified period.
Joint Life With Refund
This option provides a guaranteed income for both lives and also guarantees the total of the payments received will never be less than the total of the premium paid to purchase this retirement income option. If both annuitants die before receiving at least the premium paid to purchase this retirement income option, your named beneficiary will continue to receive payments until the full amount is repaid.
Guaranteed Period Certain Only SPIA
This option provides a guaranteed income for a specified time period of (5 to 30 years). If death occurs prior to the end of the chosen period, the beneficiary will continue to receive payments for the remainder of the specified period.
A great way to bridge to ideal Social Security age.
Key Benefits
Access To A SPIA
Guaranteed income – with access to your money. People like to have control of their money. Receiving guaranteed, reliable income during retirement is reassuring, but what if something happens and you need immediate access to your money?
Deferred Start Immediate (DIA)
Sometimes clients want to start a payment stream at a certain time in the future. An SPIA can be purchased with a guaranteed payment stream that starts as far out as perhaps 40 years.
This can be a valuable planning tool where a 60 year old client may want $1,000 per month for life starting at his 75th birthday. An SPIA can guarantee both the premium and benefit.
RMD Exemption: QLACs allow for a deferral of Required Minimum Distributions (RMDs) from qualified retirement accounts until the owner reaches age 85. The amount invested in a QLAC is not included in the RMD calculation, thus potentially reducing the annual RMD amount needed from other retirement funds.
Payout Options: QLACs offer various payout options, including life-only or life with cash refund, and can be structured for single or joint life (with a spouse). The payments must begin no later than the annuitant's 85th birthday.
IMPAIRED RISK - AGE RATED
Age rated single premium immediate annuities are medically underwritten and can increase client income payouts! A retirement planning advantage. Did you realize that poor health could actually be a benefit when purchasing an immediate annuity?
Designed for people:
Not designed for people:
Pricing - Conditions which may merit review include:
Forms of medical information:
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Withdrawals prior to age 59 1/2 may be subject to a 10% penalty tax. Disclaimers | Website by Jeff Affronti
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