Immediate Annuity With Cash Refund

Single-Premium Immediate Annuity (SPIA) With Cash Refund

Beneficial’s Life SPIA With Cash Refund guarantees your future in 3 ways!

1. Guaranteed* income for life. Your Life SPIA works like a pension, giving you an income stream for the rest of your life, no matter how long you live.
   
   
2. Guaranteed* no risk. Your guaranteed income isn’t subject to market risk, so your income won’t fluctuate. You don’t have to manage your Life SPIA or worry about it—guaranteed!
   
   
3. Guaranteed* return of premium. The cash-refund feature provides that if you pass away prematurely—before the annuity payments received by you equal the purchase price—your beneficiary will receive a check for the difference.
   
   

How a Beneficial Life SPIA works

1. Lump-sum premium. You pay a single premium for your Life SPIA With Cash Refund.
   
   
2. Guaranteed lifetime income stream. You immediately start receiving an income stream you can’t outlive. You are guaranteed to receive income from your Life SPIA every month for the rest of your life, no matter how long you live and no matter how the market performs.
   
   
3. Guaranteed cash refund to your beneficiaries. When you pass away, if you have not yet received in total payments an amount equal to the single premium you paid, your beneficiaries are guaranteed to receive the remaining premium in a lump sum.
   
   

A Life SPIA may be right for you if . . .

• You are retired or soon will be. Your Life SPIA can protect just you (single life) or both you and your spouse (joint life) with income you can’t outlive
  
  
• You want a guaranteed lifetime income not tied to the market. You want a dependable, ongoing stream of income that will last your whole life. Your Life SPIA works like a pension—you get the peace of mind that comes from knowing you will have a regular check to pay for your regular living expenses, such as food, transportation, utilities, and clothing.
  
  You don’t want your income tied to the management of a portfolio or risks of the market. In short, you don’t want to stay awake at night worrying about the funds that produce your income stream—you simply want a dependable, regular, guaranteed income from your Life SPIA.
  
  
• You have assets to fund your SPIA. You have assets ($50,000 minimum) in a retirement account, savings account, 401(k), and/or deferred annuities that will fund your Life SPIA and the guaranteed lifetime distributions you will receive from it.
  
  

  Note that only a portion of your assets—in most cases not a majority—should be used to fund your Life SPIA.  Typically your other assets would be used for accumulation in the market, travel, business opportunities, emergencies, and wealth transfer to your family when you pass away.

  
  

A Life SPIA might not be right for you if:

• You don’t need an income stream.
  
  
• You like the market, you like ongoing management, and you like the possibility of growing your money.
  
  
• You aren’t concerned about outliving your income (money and assets).
  
  

As you and your Beneficial financial professional analyze financial needs, circumstances, and style, you may determine that other financial products—such as Index Annuities and deferred annuities—are more suitable for you at this time.

To find out more or get a price quote, click here to find a Beneficial agent near you.

*Guarantees are based on the claims-paying ability of the insurer/issuing company. Fixed life and annuity products, including the Life Single-Premium Immediate Annuity With Cash Refund (form 1800R06), are issued by Beneficial Life Insurance Company, 150 Social Hall Ave., P.O. Box 45654, Salt Lake City, Utah 84145-0654, (800) 220-3813. These products are not available in all states. Beneficial Financial Group is a marketing name for Beneficial Life Insurance Company, its affiliated companies, and sales representatives. The product contract contains the actual governing provisions.