With an immediate annuity, you can transform a sum of money – like an inheritance or IRA rollover – into income that starts right away and can last the rest of your life. It's a secure and stable way to get income during retirement that you can count on, without the wait.
Immediate annuities let you:
- Turn a sum of money into income.
- Receive payments immediately, either for a specified period of time or until you die.
- Receive the payments in a variety of ways.
Single Premium Immediate Annuity
Convert savings, investments or an inheritance into income to help cover expenses and fill income gaps. These annuities provide a guaranteed income stream, either for a set period of time or for your lifetime.1 They also may pay a death benefit to the people and causes you care about.
- Turn a sum of money into an immediate income stream.
- Flexible payout options.
- May pay a death benefit.
"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 representative of the experience of other members. This story is also not indicative of future performance or success.
Investing in a variable annuity involves risk, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the variable annuity contract and underlying investment options, which investors should read and consider carefully before investing. Prospectuses are available from a Thrivent Financial representative or at Thrivent.com.
The taxable portion of each annuity distribution is subject to income taxation. If a taxpayer is younger than 59½ at the time of distribution, a 10% federal tax penalty will apply to the taxable portion of the distribution unless a penalty-tax exception applies.
1 Guarantees are backed by the financial strength and claims paying ability of Thrivent Financial.