Calculate the guaranteed income you could get from a single premium immediate annuity (SPIA).
Annual Income
$12,500
Guaranteed per year
Monthly Income
$1,042
Annual ÷ 12
Total Payout Over Term
$250,000
Annual income × years
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How to read these numbers
A SPIA turns your lump sum into steady, predictable income. The income rate is set by the insurer based on market conditions, your age, and the payout term you choose. Over a fixed term, the total payout simply equals annual income multiplied by years, so this estimate helps you compare the guarantee against what the money could earn elsewhere.
Results are estimates only and should not be considered professional insurance advice. Always consult a licensed insurance advisor before making coverage decisions.