Single Premium Immediate Annuity. ... Annuity rate of return is classified one of three ways—variable, fixed and index. Annuities may be further classified by how long their payments last: ...

An immediate annuity is essentially a contract between you and an insurance company. You provide the insurer with a lump sum ...

An immediate payment annuity is also known as a single-premium immediate annuity (SPIA), ... The payments on immediate payment annuities are generally fixed for the period of the contract.

Combining fixed and variable annuities can provide a reliable and flexible source of retirement income, though the strategy ...

Fixed Annuity: Your annuity earns a fixed rate over a set period of time. ... If you chose to fund your annuity all at once, this is called an immediate annuity, income annuity or SPIA.

Fixed indexed annuities "A Fixed Indexed Annuity (FIA) is a deferred annuity that offers more opportunity for protected growth than a traditional fixed annuity," said Stork.

The table below shows the fixed-income asset-class exposure provided by an annuity, assuming a 4.5% discount rate and a $19,806 per year annuity benefit (this would be the payment from the income ...

Athene’s Single Premium Immediate Annuity product, or SPIA, offers payments for a fixed term from six to 30 years. Athene’s SPIA offers a wide range of customizable features that can make it a ...

In 2023, fixed-rate deferred annuities totaled $164.9 billion, up 46% from the 2022 annual high of $113 billion. Fixed indexed annuities Fixed indexed annuity sales also had a record year.

Each insurance company sets its own rate of return on annuities. For fixed and immediate annuities, ... the average annual payout on a $100,000 SPIA for a 65-year-old man was $5,748 in June 2020, ...

In April 2025, the best fixed annuity rates from top insurers ranged from 3.85 percent to 5.80 percent — not bad for a lifetime fixed rate of return. Other ways to classify immediate annuities ...

A single-premium immediate annuity ... Fixed annuity returns are tied to interest rates while variable annuity returns are based on the performance of underlying investments.