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$500,000 Lifetime annuity income with money back guarantee. It's called an Installment Refund option
With this SPIA option, clients receive guaranteed income during their lifetime. If the client passes away before the total income paid equals the initial premium, the beneficiary will continue to receive income payments until the amount matches the initial premium.
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This material is for informational, educational & entertainment purposes.
It is not a recommendation to buy, sell, hold or rollover any asset.
It does not take into account the specific financial situation, investment objectives, or insurance need of an individual person.
Withdrawals may be subject to ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty.
Surrender charges may also apply for early or excess withdrawals.
All guarantees are backed by the claims-paying ability of the issuer.
Products are available only in all states where approved.
Please note that most SPIA quote rates are valid for 7 days.
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