Posts Tagged “SPIA”

Annuities: How Does A Single Premium Immediate Annuity Work?

By Jorge Hiram Garcia, Your Insurance Advisor | June 3, 2010

When you buy an annuity, you pay a certain amount of money called an insurance premium. This premium can be paid all at once in the beginning (called a single premium annuity), or it can be paid in installments (a flexible premium annuity). When an insurance company receives the premium from you, the premium is gathered and collected, or pooled, with the premium paid by all of the other people that buy annuities from the insurance company.

Leave your comment • Annuity • Finance • Insurance • Personal Finance • Retirement
Tagged as: annuities • Annuity • consumer advice • Financial Services • Health Insurance • insurance quotes • Investing • Investments • Life annuity • Life Insurance • Personal Finance • Single Premium Immediate Annuity • SPIA • variable annuity
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Jorge Hiram Garcia

Jorge Hiram Garcia, editor of Your Insurance Advisor, enjoys writing about small business, home business and self employment issues, in addition to topics relating to real estate, investments, finance or insurance.

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