Single Premium Immediate Annuity At A Glance
You may purchase a Royal Neighbors Single Premium Immediate Annuity with funds from many different sources. For example: proceeds from the sale of stocks, bonds, or mutual funds; money in maturing CDs or in a deferred annuity account; a distribution from a qualified benefit or profit-sharing plan, or from an IRA account; cash from a court settlement, or from the sale of a property or a business. Your purchase of an immediate annuity may be made with qualified or non-qualified funds; i.e., funds from sources that have or have not qualified for special tax treatment.
It offers:
- Monthly, quarterly, semi-annual, or annual cash payments over a specified period of time -- anywhere from 5 to 30 years can be elected
- "Life Income" option with a 10 or 20-year Period Certain and receive payments for the rest of your life
- A joint and survivor option may be purchased
- Generates payments which begin at end of modal period chosen
- Additional member benefits available, AT NO ADDITIONAL COST
| Plan Variations & Issue Ages: |
16-98
21-98
16-98
16-98
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Adult non-qualified SPIA
SEP IRA, above 70 1/2 must be rollover money
IRA SPIA, above 70 1/2 must be rollover money
Roth SPIA
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Premiums:
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SPIA: Minimum premium is $5,000 |
| Riders Available: |
None |
| Form Series: |
200231A |
Have questions?
For information and help in choosing the products that may be right for you, call our member sales team at (866) 845-6665.
Not intended as tax advice. All information and illustrations given reflect Royal Neighbors’ understanding of tax law. We recommend that any questions of a legal or tax nature be directed to a qualified attorney or tax advisor.
Certificates are not available in all states. Contractual provisions and limitations may vary by state.
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