"Will I outlive my retirement savings?"
It's a question nearly all people nearing or living in retirement face.
If you find yourself in the same situation, one solution to consider is an immediate annuity.
They're designed to help provide you with a secure and stable source of retirement income for as long as you need it – without the wait.
How do immediate annuities work?
Single Premium Immediate Annuity (SPIA)
An immediate annuity called a single premium immediate annuity (SPIA) that can help ensure you'll have the income you need in retirement. With a SPIA, you can choose from a variety of flexible payout options as well as choose options that can help protect your retirement income from inflation. In addition, SPIAs can help eliminate the worries of market volatility.
- Single premium means you purchase the annuity with a one-time, lump-sum payment.
- Immediate means you can start receiving annuity payments right away.
"The level of trust that we have with [our financial representative] is important to us. We want to keep the relationship and the conversation going."*
* The member's experience may not be the same as other members' and does not indicate future performance or success.