Annuities for Income Distribution

            Income Distribution With Annuities

What is an Annuity?
An income annuity is an agreement or contract between you and an insurance company that lets you put money away now in exchange for a steady "paycheck" to begin immediately or at some point in the future.

Single Premium Immediate Annuities or SPIA
    Single Premium Immediate Annuities provide periodic payments, usually on a monthly basis typically over the life of the annuitant. Payments can be tailored to meet future financial needs and can be guaranteed for a specific time period payment. An immediate annuity, ‖s defined in IRC §72(u)(4) as an annuity
purchased with a single premium and providing for a payout of substantially equal periodic payments
beginning no later than one year from purchase and continuing over the annuity period. Payments must begin within 13 months of premium investment

Some immediate annuities or SPIAs offer a multiplier for nursing home confinement.by way of a special rider.

Post Settlement Annuities (a/k/a "Ah Oh" settlement annuities)

"Ah Oh"  Settlement Annuities have special pricing for injury victims.  Constructive receipt generally eliminates the possibility of a structured settlement.  " Ah Oh" annuities are a form of SPIA that is offered by two structured settlement annuity issuers where constructive receipt has occurred.  The " Ah Oh" annuities follow the guidelines set forth in IRC §72(u)(4), but the rates may be better than other SPIAs. " Ah Oh" settlement annuities are only available a very short period of time from settlement.

Deferred Income Annuties, or DIA
DIA’s or Deferred Income Annuities offer a steady "payheck"
with a deferred starting date.  Put a backstop on your financial plan.

Multi-Year Guaranteed Annuities, or MYGA
MYGA’s, Multi-Year Guaranteed Annuities are credited with a set interest rate and a set maturity date. For example.

Qualified Longevity Annuity Contracts, or QLAC
that defer certain required distributions from qualified retirement plans


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