Financial Risk Defense With Palladium SPIA
One of the major fears your clients face is outliving their income. Help shield them from this risk with a Palladium® Single Premium Immediate Annuity (SPIA).
SPIA allows a lump sum to be converted into a steady stream of guaranteed annuity payments, providing a guaranteed income for as long as it’s needed.
Sample Monthly Payments1
| $250,000 SPIA Single Life Male: Age 67 | ||
|---|---|---|
| SPIA OPTION | DEFINED | MONTHLY |
| Life Only | Payment guaranteed until death | $1,221.48 |
| Life with 10-Year Period Certain | Payment until death, with 10-year minimum guarantee | $1,210.96 |
| Cash Refund | Payment guaranteed for life with any remaining initial premium paid to beneficiary at death | $1,074.94 |
| Life Only with Cost of Living Adjustment | Payment adjusted annually for inflation1 until death | $880.05 |
| $250,000 SPIA Joint Life Male: Age 67, Female: Age 67 | ||
|---|---|---|
| SPIA OPTION | DEFINED | MONTHLY |
| Joint to Spouse | 100% payment guaranteed until both deaths | $1,017.99 |
| Joint to Spouse with 10-Year Period Certain | 100% payment until both deaths, with 10-year minimum guarantee | $1,027.38 |
| Joint to Spouse with Cost of Living Adjustment | Income payments increasing annually alongside increasing costs of living, payments cease upon the second death | $697.76 |
1) Inflation assumed: 3% compound American National’s SPIA Express as of 9/1/2021. This is a hypothetical example for illustrative purposes only. Changing any of the assumptions, premiums, inflation, interest, age, etc. could significantly alter the results.