Navy Mutual SPIAs
Rates as high as 5.75%
Navy Mutual’s Single Premium Immediate Annuities are funded with a lump-sum payment, typically from after-tax dollars not held in a retirement account. Often this single lump-sum deposit comes from liquidating other assets, such as home equity or an investment portfolio.
How It Works
- Make a one-time deposit between $10,000 and $1,000,000
- Receive payments monthly, quarterly, semi-annually, or annually
- Take advantage of lifelong income options for one or two people or fixed period income options that spread taxation of earnings over many years
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What is an annuity?
An immediate annuity starts a guaranteed income stream right away, with income payments beginning 30 days from the contract’s purchase date. Immediate annuities are funded with a lump-sum deposit and are typically used as a tool to spread out income taxation or reduce the risk of outliving other assets.
Set yourself up for financial success. You can receive payments for a fixed period of one to 30 years or receive payments for life!
Fixed annuities are insurance products and not investments. Guarantees are based on the insurer’s financial strength and claims paying ability. Product features, rates, and benefits are subject to the terms of the contract and may vary by state. Withdrawals may be subject to taxes, surrender charges, and restrictions. Complete details, including contract provisions, limitations, and conditions, will be provided in the required disclosure documents and contract form.
Navy Mutual annuities are non-qualified annuities, meaning that they must be purchased with after-tax dollars that are not contained within a retirement account. Not available in New York. Interest rates are based on Navy Mutual’s current rate schedule. Rates may change without notice. For current rates, please call 571-481-2313 or 800-628-6011.