Income now / SPIA
A single premium funds payments beginning soon, under the contract’s selected schedule and payout terms.
Insurance & annuities /Design the income.
Income annuities / SPIAs & DIAs
Design the income.
Then compare the quotes.
Evaluate immediate and deferred income annuities around the start date, covered lives, payment period, and beneficiary protection the client needs.
M. H. LeBlang, Inc. dba M. H. LeBlang Insurance ServicesCA Insurance License 0M32052
Income later / DIA
A premium funds payments beginning on a future date, helping address a later income need.
Single or joint lives
Compare one-life and two-life designs using the same ages, premium, start date, and payment frequency.
Beneficiary protection
Evaluate life-only, period-certain, and refund choices where available. Additional protections can reduce starting income.
Income design
Make the assumptions
visible in every comparison.
Evaluate the income commitment alongside liquid reserves, inflation exposure, and the client’s other income sources.
- 01
Premium and income objective
Specify the amount available or the income target, account type, state, and intended income start date.
- 02
Covered lives and benefits
Compare single or joint income, survivor percentages, guaranteed periods, and refund options on a consistent basis.
- 03
Access and purchasing power
Understand the capital committed, any limited commutation rights, and the effect of level versus increasing payments.
Read the result correctly
A payout percentage
is not an interest rate.
Income payments may include both earnings and a return of the original premium. Dividing annual payments by the premium does not measure investment return.
Evaluate the insurer, duration of payments, survivor and refund benefits, inflation exposure, and the value of the liquidity being exchanged.
Professional comparison resources
Compare with
CANNEX.
Bring current product information into the recommendation process. CANNEX provides annuity data, comparison tools, and income illustrations for financial professionals.
External professional platform. CANNEX sign-in and appropriate access are required.
Product & implementation considerations
Income annuities generally exchange access to a premium for the selected payment promise. Contract options, cancellation rights, and access after issue vary. Guarantees depend on the insurer. Quotes are time-sensitive, and tax treatment depends on the contract, funding source, and client circumstances.
Product availability, underwriting, features, and compensation vary by insurer, contract, state, and professional capacity. Insurance guarantees depend on the issuing insurer’s claims-paying ability.
For your practice
Bring the case.
Define the next step.
Start with the planning objective, client state, and the decision you need to make.