Immediate Annuity for Lifetime Income—Your Personal Pension Solution

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How Single Premium Immediate Annuities (SPIA) Provide Guaranteed Paychecks

A Single Premium Immediate Annuity (SPIA) turns a lump-sum payment into a guaranteed income stream that begins right away (usually within 12 months). It’s the simplest way for clients to create their own pension—offering certainty, simplicity, and a steady cash flow for life or a set period.

Plan for the Future With Deferred Income Annuities

Deferred Income Annuities (DIAs) are similar to SPIAs but start payments years down the road—perfect for clients who want to lock in future income (like at age 65 or 70). DIAs are ideal longevity insurance, helping ensure clients never outlive their assets.

Who Should Consider an Immediate or Deferred Income Annuity?

  • Retirees seeking predictable, pension-like income to cover fixed expenses
  • Clients with a windfall or 401(k) rollover who want to secure income for life
  • Couples looking for joint-and-survivor payouts to protect both spouses
  • Anyone worried about outliving savings or seeking a “set it and forget it” retirement solution

Customize Income to Fit Every Need

  • Life Only vs. Joint & Survivor

    Choose income for a single person or continue payments as long as either spouse lives.

  • Period Certain Guarantees

    Ensure payments for a minimum period, even if the annuitant passes early.

  • Cash Refund or Installment Refund

    Return any unused premium to heirs.

  • Inflation Adjustment

    Select increasing payments to help keep pace with rising living costs.

DBS provides side-by-side illustrations, so agents and clients can compare options for payout amount, guarantees, and features.

Get the Best Payout—DBS Shops the Market for Top Quotes

SPIA and DIA payout rates vary widely by carrier and change with interest rates. DBS uses advanced quoting tools to shop dozens of top insurers, ensuring your client receives the highest possible monthly income for their lump sum, age, and situation. We also quote medically underwritten SPIAs for qualifying clients—potentially boosting payouts for certain health conditions.

Plan Wisely—Irrevocability and Best Interest

Immediate annuities are generally irrevocable: once purchased, the lump sum can’t be accessed. That’s why DBS helps confirm suitability, liquidity needs, and planning considerations—aligning every annuity sale with your client’s long-term best interest.

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Immediate & Deferred Income Annuities—Agent FAQs

  • How does a SPIA work?

    The client pays a single premium; the insurer pays a guaranteed monthly income for life or a chosen period.

  • What’s the difference between SPIA and DIA?

    SPIAs start payments immediately; DIAs start after a deferral period—great for future income planning.

  • Can clients get their money back if they pass away early?

    Yes, with refund or period-certain guarantees, payments continue to heirs for a set period or until the original premium is returned.

  • Are payout rates the same everywhere?

    No—DBS shops multiple insurers to find the best rates and features for each client.

  • Can payouts adjust for inflation?

    Yes, many carriers offer inflation-adjusted income streams; DBS will illustrate these options for comparison.

Let DBS Help You Build Reliable Retirement Income—Request an SPIA or DIA Quote