Single-premium deferred annuities are funded with a one-time premium deposit. While both flexible-premium and single-premium annuities build value through compounding interest, single-premium annuities begin with a larger foundation and build value more quickly than flexible-premium annuities.
Single (one-time premium payment, no additional premium required)
Competitive interest rates
Up to 10% withdrawal each year without a surrender charge
Guaranteed income for life
Form numbers ICC18-MYGA6 and ICC18-SPDA9 with state-specific variations.