Unlocking The Secret: SPIAs

Unlocking The Secret: SPIAs

May 9, 2024

Unlocking the SPIA Secret:
Your Key to Retirement Confidence!

You’ve been savings for years and retirement might finally be getting closer! It can be exciting and overwhelming all at the same time. You may feel comfortable with the amount you have saved, but you’re also nervous about not having the guarantee of a steady paycheck anymore.

While a Single Premium Immediate Annuity (SPIA) might seem intimidating at first glance, they offer a simple, straightforward way to generate a reliable income during retirement.

Let’s dispel some common myths surrounding SPIAs to help you understand their benefits:

SPIAs are complicated and difficult to understand.

Contrary to popular belief, SPIAs are relatively simple to grasp. In essence, you make a lump-sum payment to an insurance company, and in return, they provide you with a guaranteed income for a specified period or for the rest of your life. There’s no need to worry about market fluctuations or complex investment strategies – it’s all about securing a steady stream of income.


SPIAs are only for the wealthy.

SPIAs are designed to provide financial security for individuals of all income levels. Whether you’re a high-net-worth individual looking to supplement your retirement income or a middle-income earner planning for the future, SPIAs can be tailored to meet your needs and budget. Plus, they can help offer the peace of mind that comes with a guaranteed income stream, regardless of market conditions.


SPIAs lack flexibility.

While it’s true that SPIAs involve a fixed one-time contribution,  they can still be customized to suit your unique circumstances. KSKJ Life offers a number of various SPIA payout options from Fixed Periods to Period Certain with Life Contingency.


SPIAs are risky.

One of the most significant advantages of SPIAs is their low-risk nature. Unlike other financial vehicles that are subject to market volatility, KSKJ Life SPIAs offer a guaranteed income stream backed by the financial strength of our 130-year-old company. This means you can count on receiving your payments, regardless of economic conditions or fluctuations in interest rates.


Single Premium Immediate Annuities (SPIA) offer a simple yet effective way to secure your financial future and enjoy a worry-free retirement. By dispelling these common myths, we hope to empower you to make informed decisions about your financial well-being.

If you’re interested in learning more about SPIAs and how they can benefit you, contact your agent or the KSKJ Life Home Office!