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Immediate Annuities

With an immediate annuity, you can guarantee an income stream for life.

Is an immediate annuity right for you?

Even if you have saved for retirement, you may still have concerns when it comes to turning your savings into income. Many worry about outliving their retirement savings.

  • An immediate annuity might be a good fit if you want:
  • An income in retirement you can never outlive, guaranteed.
  • An income for yourself and your spouse for life.

While pension plans offered through your employer may seem like a thing of the past, you can create your own retirement income with AAA Life Insurance Company’s Guaranteed Income Annuity. A portion of your assets from retirement savings plans (like a 401k, IRA, bank account, etc.) can be turned into regular income. You can be paid throughout your whole retirement or for a time period you choose.

How does the AAA Life Guaranteed Income Annuity work?

Pay, or transfer from other financial institutions, a single premium amount and receive regular income payments—for you and your spouse, if you choose. Customize how often you are paid, how long the payments will last, and much more. You decide the amount and time period during which to receive income.

  • Options to Fit Your Needs*
  • The Single Lifetime Guarantee option pays an income that you can never outlive.
  • The Joint Lifetime Guarantee option will continue to make payments to your spouse** if you
    are no longer living.
  • The Return of Premium option ensures that any unpaid initial premium is returned to the beneficiary.

 

Ready to get started with an immediate annuity from AAA Life? Just give us a call at 1-800-624-1662.


Still continuing to build your retirement savings? Consider purchasing a deferred annuity.

Disclaimers & Disclosures

*The payout amount you will receive is based on your individual circumstances, the options and features you select at the time of application, and your initial premium payment. Your selection of options and features may reduce your payout amount.

**Spouse includes Registered Domestic Partner, Civil Union Partner, or party to a domestic partnership between two adults, as recognized by state law.

The payout amount you will receive is based on your individual circumstances, the options you select at the time of application, and your initial premium payment.

Product and its features may not be available in all states. Annuities are not short-term products. Payments to you may be taxable. Withdrawals prior to age 59½ may be subject to IRS penalties.

This information is an outline of the contract provisions and does not contain all of the benefits and exclusions. For complete terms of the immediate annuity, please refer to the contract.

Annuities offered by AAA Life Insurance Company, Livonia, MI. AAA Life (CA Certificate of Authority #07861) is licensed in all states except NY.

AAA Life, local AAA clubs, and their agents do not provide legal, tax, or financial advice. Please consult your professional advisor prior to the purchase of any contract.

Contract Form Series: ICC14-4120, SPIA-4120 (In OR: ICC14-4120)

ALAN-23029-O15-XX