Single Premium Immediate Annuity: Peace of Mind

The Navy Mutual Single Premium Immediate Annuity (SPIA) provides a guaranteed stream of income over a fixed period of time or for your entire life. For Members in retirement or approaching retirement, the SPIA provides safety against volatile market changes.

With the SPIA, the Member pays a one-time premium deposit, ranging from a minimum of $10,000 up to a maximum of $1,000,000 per contract. The SPIA is a non-qualified fixed-annuity contract that returns a guaranteed annuity payment based on the payment option chosen. Individuals may choose to receive income monthly, quarterly, semiannually, or annually.

Learn more about the Navy Mutual SPIA…

If you have any questions about the Navy Mutual Single Premium Immediate Annuity, please call us at 800-628-6011.