Annuities -- What Are The Three Basic Forms?

SPIA: Single Premium Immediate Annuities

You give the annuities insurance company a lump sum and they start sending you a periodic (monthly, annually, etc.) income on the annuity. You can choose to receive these income checks for a guaranteed period of 10, 15, 20, 30 years or for your lifetime. The amount of income you receive differs depending on which period you choose and which annuity.

SPDA: Single Premium Deferred Annuities

You give the annuities insurance company a lump sum, which you plan on deferring (or putting off) the use of for a while, and the money meanwhile earns tax-deferred interest. Your lump sum grows! A minimum interest rate is guaranteed and a higher rate is projected and may fluctuate higher or lower over time. Someday you can turn it into a Single Premium Immediate Annuity or use it for something else!

FPDA: Flexible Premium Deferred Annuities

You send in a certain amount of money every month (quarter, 6 months, year) to the annuities insurance company and it earns tax-deferred interest and grows into a big lump sum! A minimum interest rate is guaranteed and a higher rate is projected and may fluctuate higher or lower over time. Someday you can turn it into a Single Premium Immediate Annuity or use it for something else.

There are also annuities which are tied to a stock index, and annuities that are tied to the performance of bonds. Some of these annuities can earn rates of return over 10% and do also have a guaranteed minimum interest and a guarantee of annuity principal.

Get a quote on Annuities
Return to Annuities Home Page

The PGA Financial Co.
PGAFinancial.com
Call: (714) 897-0955
Toll-free: (877)336-5490
E-mail: Service@PGAFinancial.com
13736 Goldenwest Street,
Suite H
Westminster, CA 92683
Lee Martinson

Licensed in:
Arizona, California (license #0629626), Oregon, Texas, and Virginia. For other states, inquiries about annuities are referred to agents licensed to handle annuities in that particular state.

PGA Financial has no intent to generate interest in any particular life insurance company or specific annuity policy, but rather to inform and educate you on the general concept of annuiyies -- after which, if you are interested, a broker at PGA Financial will be glad to research companies that offer such annuities, get you a quote and assist you in making a choice. If you do become interested and obtain an annuity policy, the broker would be compensated by the insurance company.