$40K Lifetime Income? The problem is inflation! NOT ANYMORE! See increases 3.0% annually GUARANTEED

Cost to fund a Single Premium Immediate Annuity (SPIA)
$1,000,000 returned after 19 year!

The cost to fund a guaranteed lifetime income of $3,333.34 monthly INCREASING by 3.00% compounded annually.

COLA = Cost Of Living Adjustment

Examples: $40,000 per year paid monthly with 100% of initial premium deposit guaranteed to be returned in the event of early death.

See samples for males and females ages 55, 60, 65, 70 and 75. The income starts 1 month after the company receives the money.

0:49 Cost to fund for age 55 - 75
2:33 Explaining the period certain installment Refund
4:02 Graph of 3% escalating annual income
5:14 Graph of 3% escalating monthly income
6:05 Comparing the COLA pricing vs. Non-COLA pricing
7:13 Final thoughts and disclosures

Past Videos on $40K Income Costs
May 2024 - https://youtu.be/l1O6cqMEd4I?si=aE1fuaBOij7BrVXH
January 2024 pricing video - https://youtu.be/gMngWtLAvRc
August 2023 pricing video - https://youtu.be/hP9K3ghofM0
2022 pricing video - https://youtu.be/fSH6CyNBp0g

Life with installment refund guarantees for as long as alive. If death happens before the total payments equal the initial premium deposit, the company will continue to pay a beneficiary until the payments do equal the initial premium.

Basically, if the owners dies the insurance company does NOT keep any of the initial premium that may be remaining, it goes direct to the named beneficiary(ies).