Navy Mutual SPIAs
Rates as high as 5.25%
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
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!