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Let's talk about...annuities

ivari’s Single Premium Immediate Annuities (SPIAs) provide a guaranteed income to the annuitant for the annuitant's lifetime or for a specified period of time in return for a lump sum of money.

Concerned about funding your retirement?

Along with competitive rates and a wide range of options, ivari SPIAs provide many benefits to help you reach your income goals.

ivari offers three types of annuities:

Key benefits of an ivari SPIA

SPIAs allow you to convert a registered or non-registered lump sum into a regular stream of income that can be guaranteed for the life of one or two annuitants, or for a specified period of time.

Key benefits include:

  • Guaranteed income:  Your future income is guaranteed, and you will know exactly how much income you receive for life or for the period you have chosen. With a SPIA, there's no danger of your outliving your capital.
  • Premium guarantee:  If the annuitant and the successor annuitant should die before the first payment date, ivari will return the entire premium in one lump sum to the beneficiary.
  • Easy to manage:  You don't need to be concerned about ongoing investment or management decisions. Once you purchase a SPIA, the regular stream of income is guaranteed.
  • Tax-efficient income:  A SPIA immediately converts a lump sum of money into a stream of tax-efficient income.
  • Potential creditor protection:  As an insurance product, a SPIA gives you the ability to name a family member as your beneficiary. Accordingly, your investments may be protected from creditor claims. A number of conditions or restrictions could apply. Please consult a legal advisor for more information about creditor protection.
  • Estate planning:  Since a beneficiary can be named within a SPIA, payment to the estate, as well as the costs and delays associated with probating a will, is bypassed.