Fixed ImmediateAnnuity

If you desire guaranteed immediate income for retirement or other needs, a single premium immediate annuity may be the right solution for you. You pay a premium in an amount of your choosing and your immediate annuity will pay you monthly, quarterly, semi-annual or annual income based on your premium paid and your life expectancy, among other factors.

SBLI offers several payout options, including life income with period certain for 5 (available for ages 90-95 only), 10, 15, or 20 years, period certain only from 10-30 years.

Single Premium Immediate Annuity
Initial Premium Minimum initial premium $10,000. Fund with cash.
Additional Contributions No
Ages Available Up to age 90 (Non-qualified)
Income Payment Options Monthly, quarterly, semiannually, or annual payments for life, a fixed number of years, or a combination of both. Direct deposit of payments available.
Taxes Under non-qualified plans, a portion of each payment will consist of taxable interest income.
Annuity Maturity N/A
Withdrawals N/A
Surrender Charges N/A