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Sun Life Financial Keyport Single Premium Immediate Annuity
What is it?
A single premium immediate annuity (SPIA) might be an appropriate vehicle for you to support your retirement lifestyle, giving you an immediate and steady stream of income that you will never outlive.
Key features include:
- certainty and predictability of a fixed interest rate
- security with income for a set period - or for the remainder of your lifetime
- protection against loss of income that results from market downturns
- guarantees backed by the financial strength of Sun Life Assurance Company of Canada (U.S.)
Who may purchase it?
This annuity may be issued to people aged 85 or younger.1
Time to get started
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- Minimum initial payment: $10,000 for all plans
- Minimum income payment: $100; If payments fall below $100, Sun Life Assurance Company of Canada (U.S.) has the right to change the frequency of payments so they will meet the minimum requirement.
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Where can I learn more?
Please refer to the rate flyer for more information about the Sun Life Financial Keyport Single Premium Immediate Annuity.
1. Age restrictions may differ based on chosen annuity payment option.
Sun Life Financial, its distributors, and its respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein are not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state, or local tax penalties. You should consult your own independent advisor about any tax, accounting, or legal statements made herein.
Sun Life Financial Keyport Single Premium Immediate Annuity is issued by Sun Life Assurance Company of Canada (U.S.) (Wellesley Hills, MA). May not be available in all states; product features may vary by state. For costs and complete details of coverage, ask a financial professional who is also an insurance-licensed agent. Annuities are long-term financial vehicles designed for retirement purposes.
NOT FDIC/NCUA INSURED - MAY LOSE VALUE - NO BANK/CREDIT UNION GUARANTEE -
NOT A DEPOSIT -
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
SLPC 20217(03/09) (Exp. 09/10)
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