Course Outline
SPIA: Premiums
Finally, let’s talk about Assurity’s Single Premium Immediate Annuity, or “SPIA.”
Single-Premium Immediate Annuity (SPIA)
The single premium is the amount submitted with the application and shown on the policy schedule. The minimum acceptable single premium for Assurity’s SPIA is $10,000. The maximum without Assurity approval is $500,000. No subsequent premiums will be accepted.
Single Premium
- Amount submitted with application and shown on the policy schedule
- Minimum acceptable single premium - $10,000
- Maximum without Assurity approval - $500,000
- No subsequent premiums will be accepted
