An annuity is part of a financial planning strategy you get from an insurance company. You either pay a single upfront premium or make a series of premium payments (a.k.a. your principal) and then earn interest on that money.

Annuities give you the potential to grow your savings tax-deferred, and at the end of your annuity term, you get payments to supplement — or replace —your income.

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Your Options

Why buy an annuity?

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Depending on the type of annuity, you can either earn a guaranteed rate of interest or potentially earn more in exchange for some risk.

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Grow Your Money
Before Taxes

You don’t have to pay income taxes until you start getting payments, so your principal can grow tax-deferred.

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Guaranteed &
Predictable Income

According to the type of contract, you either get a lump sum or multiple payments from the annuity at the end of your term.

Your Goals

What type of annuity is right for you?

Multi-Year Guarantee Annuities (MYGA)

Provide growth and protection - it’s that simple

With MYGAs, you can feel confident knowing that the growth of your money occurs at a set interest rate, you’re protected from the ups and downs of the market, and you’ve got the opportunity to produce a stream of income for the rest of your life.

Fixed Indexed Annuities (FIA)

Greater growth potential with the same protection and flexibility

A FIA offers greater growth potential while still protecting you from market losses. Your money grows based on the performance of a market index, which allows you to benefit from market trends without owning stocks. You cannot lose money because you’re not invested in the market. Fixed indexed annuities may also include optional riders that offer benefits like lifetime income, increased liquidity, or a death benefit option.

Registered Index-Linked Annuities (RILA)

Allows for asset accumulation while protecting from a major loss

A RILA uses the performance of a market index to calculate both gains and losses, but you are not directly placing money into that index. Because you assume some of the risk of loss from market downturns, a RILA may allow for greater growth potential than other annuities.

Single Premium Immediate Annuities (SPIA)

Guaranteed income that can last a lifetime

SPIAs can provide a steady and reliable income to help you achieve your retirement dreams. In exchange for a lump sum of money (Single Premium), a SPIA pays a guaranteed amount for a specified time period or for the rest of your life.

The annuity information above is for educational purposes only. Aspida will begin providing annuities through independent resellers in the near future once it has an appropriately licensed insurance company.

Your Peace of Mind

Flexible and Secure.

Unlike IRAs and other retirement plans with income and contribution limits, anyone can own an annuity and fund it as they see fit. As an insurance product, the guarantees and payments from an annuity are backed by the claims-paying ability of the issuing insurance company. So, we’ve got your back.

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