IN THIS EPISODE, THE ANNUITY MAN DISCUSS:
- What is a SPIA and how does it work
- The history of SPIAs
- The benefits and limitations of a SPIA
- How to get your free copy of the SPIA Owner’s Manual
KEY TAKEAWAYS:
- SPIAs are simple & efficient transfer of risk pension plans
- SPIAs quotes are customizable to contractually guarantee your specific goals
- SPIAs are commodities, and all carriers should be quoted to find the highest contractual guarantee
- SPIA payments are primarily based on your life expectancy, not interest rates
"Single Premium Immediate Annuities (SPIAs), 99.9% of the time, are going to have the highest contractual guaranteed payout. Period." — Stan The Annuity Man
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002: What is a Single Premium Immediate Annuity?
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