The Palladium Immediate Annuity is a single premium immediate annuity, which can provide a steady stream of income payments to meet current income needs. You can illustrate either (1) an income based on the available single premium and desired payout period, or (2) the single premium required to produce a stated income based on a desired payout period.

The Single Premium Immediate Annuity quote is guaranteed for seven days from the quote date.

A Split Annuity combines guaranteed income from a single premium immediate annuity for a stated number of years, plus capital growth using a multi-year deferred annuity. This illustration type combines the Palladium Immediate Annuity, using a specified Period Certain, with the Palladium Multi Year Guaranteed Annuity (MYG) for a matching number of years. For example, you could combine a 5 Year Period Certain Palladium Immediate Annuity with a Palladium 5 Year MYG.

You can illustrate the Palladium MYG in the Split Annuity Concept for guarantee periods of 5- 10 years.

The Split Annuity can be illustrated using one of three concepts, which have primary and secondary objectives.

• Traditional - This concept assumes the objective is to split the Total Available Premium to provide a guaranteed income for a specified number of years, while at the same time achieving sufficient growth in a deferred annuity for the same number of years, so that at the end of the specified number of years, the total amount available in the deferred annuity is the same as \ the initial Total Available Premium, provided no withdrawals have been made. The primary objective in this concept is restoration of the Total Available Premium after the specified number of years, with a secondary objective of a guaranteed income for this same number of years.
  
  
• Income - This concept assumes the objective is to split the Total Available Premium to provide a stated guaranteed income for a specified number of years and use the balance remaining of the Total Available Premium to provide growth in a deferred annuity for the same specified number of years. The primary objective in this concept is to provide a stated guaranteed income, with a secondary objective of providing growth for the balance of the Total Available Premium within a deferred annuity.
  
  
• % Split - This concept assumes the objective is to choose a specific percentage to be used to split the Total Available Premium to provide both a guaranteed income and capital growth. The primary objective is to define the percentage used in the split, with both the resulting guaranteed income and capital growth secondary objectives.