|SPIA EXPRESS currently provides two types of illustrations:|
|Palladium Immediate Annuity|
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.
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.
|The Palladium Immediate Annuity portion of the Split quote is guaranteed for seven days from the quote date.
The Palladium Multi Year Annuity portion of the Split quote is guaranteed for the current month, using the appropriate interest rate for that month in which the quote is run.