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11/01/2009
100% Guaranteed For LIFE With Money-Back Refund Income begins 1 month after deposit. |
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| Gender / Age |
Monthly Income |
Annual Percentage Return P&I |
Tax Free Portion |
| Male 60 |
$557.38 (B+) $553.12 (A+) |
6.68% 6.64% |
57% Tax Exclusion |
| Male 65 |
$602.88 (B+) $597.26 (A+) |
7.23% 7.17% |
62% Tax Exclusion |
| Male 70 |
$661.00 (B+) $654.68 (A+) |
7.93% 7.86% |
67% Tax Exclusion |
| Male 75 |
$737.80 (B+) $727.76 (A+) |
8.85% 8.73% |
74% Tax Exclusion |
| Male 80 |
$837.13 (B+) $822.58 (A+) |
10.04% 9.87% |
77% Tax Exclusion |
| Male 85 |
$965.40 (B+) $934.60 (A+) |
11.58% 11.21% |
80% Tax Exclusion |
| Gender / Age |
Monthly Income / Rating |
Annual Percentage Return P&I |
Tax Free Portion |
| Female 60 |
$530.15 (B+) $530.56 (A+) |
6.36% 6.37% |
60% Tax Exclusion |
| Female 65 |
$569.51 (B+) $570.55 (A+) |
6.83% 6.85% |
64% Tax Exclusion |
| Female 70 |
$621.60 (B+) $624.13 (A+) |
7.46% 7.49% |
70% Tax Exclusion |
| Female 75 |
$691.71 (B+) $697.28 (A+) |
8.30% 8.37% |
74% Tax Exclusion |
| Female 80 |
$787.78 (B+) $795.82 (A+) |
9.45% 9.55% |
77% Tax Exclusion |
| Female 85 |
$913.24 (B+) $912.57 (A+) |
10.96% 10.95% |
85% Tax Exclusion |
| Period Certain Yrs |
Monthly Income |
Per $1,000 Deposit | Tax Free Portion |
| 5 Year Certain |
$1,741.00 (B-) $1,746.47 (A+) |
$17.46 | 95% Tax Exclusion |
| 10 Year Certain |
$998.00 (B-) $979.95 (A+) |
$9.98 | 85% Tax Exclusion |
| 15 Year Certain |
$724.00 (B-) $729.55 (A+) |
$7.29 | 76% Tax Exclusion |
| 20 Year Certain |
$590.00 (B-) $609.89 (A+) |
$6.09 | 68% Tax Exclusion |
|
Insurance Company Rates (B+
or A+) By A.M. Best (B- On Period Certains) |
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Immediate Annuities
The Single Premium Immediate Annuity (SPIA) is a contract or in group pricing a certificate issued by a life insurance company. The immediate annuity is purchased with a single premium payment which guarantees to provide regular income payments to the owner annuitant and/or other persons. The SPIA is an immense under used product in that it guarantees you will never outlive your retirement savings, no matter how long you live. And in addition to the tax advantages and convenience of SPIA's, you can select the frequency and guarantee periods of your income payments from a variety of income plans:
Some of the Guaranteed Income Plans
Life Only Annuity-- A monthly payment for as long as you
live.
Joint & Survivor (Lives Only) -- Payments are
guaranteed based upon two lives, usually that of a husband and wife. Full income payments
continue until the first death with full or partial payments continuing until the
survivor's death.
Life Annuity With Guarantee Period -- Payments are
guaranteed for the life of the annuitant (you) until the date of death. If the guaranteed
period has not expired at the time of death, payments will continue to the beneficiary for
the remainder of the guaranteed period. (Guarantee period may also be applied in the case
of Joint & Survivor above)
Installment Refund Life Annuity -- Payments are made as
long as the annuitant lives. If the annuitant dies prior to receiving at least the initial
premium, any remaining payments will be payable to the beneficiary.
Period Certain Immediate Annuity -- Perfect for meeting
regular expenses, payments are made for a fixed period (usually of three or more years).
The total of all premium and interest will be distributed during the period of time
elected, regardless of death.
Fixed Amount Immediate Annuity -- Payments are made for
a minimum of three years and a maximum of 20 years in an amount elected, until the amount
applied together with interest is exhausted.
Non-qualified or
"after tax" monies used to purchase annuity income have something qualified
plans do not. The Exclusion Ratio or amount of the annuity payment that is not subject to income tax since it is considered to be a
return of not only interest but of original principal "cost basis". The cost basis is the
original investment and is not subject to income tax when distributed from a
Personal Income Annuity.
The exclusion ratio is determined by the amounts of principal and interest
being returned. An account with a large amount of credited interest will
have a lower exclusion ratio than a mostly principal payout.
For example, if a
60 year old male with $100,000 and a cost basis of $50,000 purchases an annuity
income for life the payment would be $594 per month of which 29% would be tax
free.
If that same 60 year old had a cost basis of $100,000 the payment is still
$594 per month however, the exclusion ratio would be 58%.
Visit www.SPIAquote.com
for more Immediate Annuity information and illustrations
FSD Financial Services Inc.