Jan 28, 2025 · Discover what a single premium immediate annuity (SPIA) is, how it works and its benefits. Learn about guaranteed income, taxes and payment options.

Mar 20, 2025 · With a single premium immediate annuity, the annuitant purchases a guaranteed stream of payments in exchange for a lump sum premium, paid up front. While it's not a pension, it serves a …

A single premium immediate annuity (SPIA) allows you to use a lump sum of your assets to purchase a guaranteed 1 "retirement paycheck".

May 13, 2024 · With a single premium immediate annuity (SPIA), you’ll purchase an annuity with one large payment, and then the annuity will start paying you an income right away. An SPIA is simple to …

Jan 6, 2021 · What Is a Single Premium Immediate Annuity? A single premium immediate annuity is an annuity purchased with one large upfront payment. The SPIA immediately begins paying you back …

Sep 11, 2025 · What Is a SPIA? A SPIA (Single Premium Immediate Annuity) is a financial product that allows you to turn a lump sum of money into a stream of guaranteed income, typically beginning …

6 days ago · Learn how a SPIA annuity converts a lump sum into guaranteed monthly income for life. See 2025 payout rates, tax rules, and payout options explained.

Nov 8, 2024 · A Single Premium Immediate Annuity (SPIA) offers retirees guaranteed income for life, providing financial peace of mind in uncertain times.

Oct 2, 2025 · Like other types of annuities, a single premium immediate annuity (SPIA) is a contract between an investor and an insurance company. With an SPIA, the annuity purchaser invests a large …

May 17, 2024 · A Single Premium Immediate Annuity (SPIA), sometimes called single premium life insurance, is a type of annuity contract in which you pay a lump sum of money to an insurance …