A Single Premium Immediate Annuity (SPIA) is an annuity available to anyone, including a personal injury victim that did not opt for a tax-exempt structured settlement as part of their personal injury settlement. The SPIA is funded with a single lump sum payment and serves many needs. Payments typically start immediately or start within the year of purchase.

These payments can be either a fixed amount or include a predetermined cost of living adjustment designed to meet both present and future needs.
The guarantee of lifetime income makes a SPIA an excellent alternative to traditional pension plan investments, which are subject to stock market volatility.

Even though a SPIA is funded post settlement, there are advantages.  Since part of the monthly income received from a SPIA is considered a return of principal, it is excludable from income taxes, the payments provide a guaranteed source of income with no investment risk, financial stability.

When the unexpected happens , life can change in an instant, therefore, life insurance is key for financial planning and protects your family’s financial future in the event of a tragedy.  Without it,  families might face undue hardship.

Life Insurance can play a significant role in your estate planning. Upon death, life insurance can replace income or help your dependents afford the mortgage or rent payments, pay household and funeral expenses, pay off debt and have money available for college tuition and potential Estate taxes.

Life insurance also provides certain tax advantages and tax-free death benefit-tax free loans.

The Structured Installment Sale provides guaranteed income for qualifying property or business sales that are eligible for the installment method under Internal Revenue Code of Section 453.

The Structured Installment Sale is an annuity that allows you to defer potentially large capital gains tax and receive guaranteed installment payments over time. This installment sales approach allows you to choose what amount you’d like to receive now and how much you’d like to put into an annuity. The payment stream can be set to fit more immediate needs or help plan for the longer term, like retirement.

Taxes on the sale of a commercial property, home or business can be significant. By utilizing a Structured Installment Sale, your clients can defer and potentially lower the associated taxes.