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GRIP Immediate Annuities have three basic product groups.
With the baby boomers starting
to reach retirement age, a fresh look at the Single Premium
Immediate Annuity timely. The SPIA
comes in various forms. Following is a list of SPIA payout options
available from most companies.
- Single Life Guaranteed Income
- This option provides a guaranteed income for
one person's life. There are several types of single life immediate
annuities to fit all types of income situations.
- Joint Life Guaranteed Income
- This option provides a guaranteed income on
two lives for as long as either annuitant is alive. When either
annuitant dies, payments continue to the survivor.
- Period Certain Guaranteed Income
- This option provides a guaranteed income for
a specific time period. Specify 5 -50 years and the payment is guaranteed
for that time period.
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- Additional Product Features Available
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Money
Back Guarantee
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"If I die the insurance company keeps
my money" This has been a concern of buyers of lifetime annuities.
But our GRIP program solves this concern with the money back guarantee
feature.
- Income Inflation Protection
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Two guaranteed ways to help offset future inflation - CPI and COLA. If
you are concerned that the purchasing power of your fixed income
payments will decline due to inflation, you might want to consider
selecting the inflation protection options.
- Deferred start income guarantees
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Guarantee future income by deferring the start
date. Pick a future retirement income amount and start date while guaranteeing
the deposit amount today. See how a deposit made now using a Deferred Start
Immediate Annuity guarantees a future income.
- Myths About Income Immediate
Annuities
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Dispelling The Myths About
Single Premium Immediate Annuities.
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GRIP
RETIREMENT
SM, LLC 
