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Single Life
A Guaranteed Retirement Income Program for pension and qualified rollovers.
 Single Life Joint Life Period Certain Income Refund Annuity Inflation Protection Deferred Start Medically Underwritten  

 

Guaranteed Single Lifetime Income Options

A Single Life Immediate Annuity guarantees you will never outlive your income. The SPIA provides a regular, guaranteed income payments for life. In retirement planning the SPIA is the only product that guarantees you will never outlive your retirement income.

Key Benefits

bulletLongevity protection - Guaranteed an income that can not be outlived.
bulletStable level income - The guaranteed payment will never decrease.
bulletInflation protection - A single life annuity has the option to guarantee increases annually.
bulletDirect deposit - Payment can be sent directly to a bank account.

Single Life Pricing Options

Type

Description
Life ONLY
 		 The income payments will cease upon death
 
Life With Period Certain

 		 This option provides a guaranteed income for life plus if death occurs prior to the end of a specified period (5 to 50 years) the payments will be transferred to the beneficiary for the remainder of that period.
 
Life With Refund (money back guarantee)
 

This option provides a guaranteed income for life and also guarantees the total of the payments received will never be less than the total of the premium paid to purchase this option.

 

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Copyright © 2005 GRIP Retirement LLC
Last modified: 04/08/08