Offer your clients compounded risk defense with Palladium SPIA with a Cost-of-Living Adjustment
Ensuring that your clients are saving enough for their desired lifestyle in retirement can be difficult, especially with unexpected inflation.
Help your clients defend their savings against fears of high inflation with a Palladium® Single Premium Immediate Annuity (SPIA) and a Cost‑Of‑Living Adjustment (COLA).
A COLA is an additional option that can be added to most of the available income options at the time of application1
Palladium® SPIA offers a 3% compounding COLA. This means that your client’s income payment will automatically increase by 3% each year, compounded annually.
A COLA allows for SPIA income payments to increase annually alongside increasing costs of living as your clients age.
1) The COLA is not available on the Life with Cash Refund or Life with Installment Refund income options. Partial withdrawals, full surrender option, and commuted value are not available in MN, NE, NJ, OR, and WA. The interest rate used to determine the death benefit’s commuted value will vary by state. A commutation charge will also be assessed on partial withdrawals and full surrenders of a commuted value. All withdrawal and surrender amounts are determined as the present value of future Annuity Payments using our current SPIA pricing rate plus 0.50%. The policies are not FDIC insured, not a deposit or obligation of the bank, and subject to investment risk, including loss of principle. Policy Form Series: NSPA. Any partial surrender must be for at least $2,000, and a commutation charge is assessed based on the following schedule:
*Cash Bonus is non-cumulative. Eligible policies and contracts must be submitted between 7/1/2022 and 9/30/2022, paid by and remain in force through 10/14/2022 in order to qualify. Based on annualized life insurance premium up to target premium. For annuities, $300 will only be paid on policies with a minimum initial premium of $10,000. This offer may not be available in all distribution. Contact your marketing area to confirm eligibility. Writing agents only. Limit one per writing agent. Not available in New York. American National Insurance Company, Galveston, Texas. | ||||||||||||||||||||||||||||||||||||