Product Overview

If you’re already retired or retiring soon, Sagicor’s SPIA can provide a consistent income stream to help you feel more confident about the years ahead. Payments arrive on your selected schedule and are based on the payout option and contract terms you choose. While economic conditions and investment returns can be volatile, Sagicor’s SPIA offers reliable income with no direct market exposure.

Features & Benefits

  • The included One-Time Withdrawal Rider (also called a Liquidity Rider) lets you withdraw a portion of your withdrawal base beginning in contract year one.
  • The minimum withdrawal amount is $2,500 and the maximum amount is 30% of your withdrawal base.

  • A Joint Life SPIA provides payments to you and your spouse, either for life or a specified period. If one of you passes away, the survivor will continue to receive regular payments on your selected schedule.2

Footnotes

1The proceeds of the contract will be determined by the annuitant's age and sex.
2Assumes joint owners who are also the joint annuitants.

If you have questions about the contract and riders, please contact your licensed insurance or financial professional.

Products issued by Sagicor Life Insurance Company. Home Office: Scottsdale, AZ. Products not available in all states, and state variations may apply. Sagicor does not provide tax or estate planning advice. You should consult with your tax advisor(s). Annuities and life insurance products have limitations and restrictions, including surrender charges. Guarantees are based on the claims-paying ability of Sagicor. Sagicor issues other fixed annuities and life insurance products with similar features, benefits, limitations and restrictions. Contact Sagicor for more information. Contract Forms: ICC093003, 3003, 3003CA, and 3003FL. Rider Forms: ICC096046 and 6046.

Not FDIC insured. Not insured by any federal agency. Not a deposit or other obligation of the bank. Not bank guaranteed.