Compass SPIA, a Single Premium Immediate Annuity from Ameritas Life Insurance Corp., provides a steady, guaranteed* income for life, or for as long as it is needed.
Compass SPIA converts accumulated assets into an income stream. You choose how your income is to be paid. You can choose an income stream:
Converting a portion of your savings into an income stream allows you to address your basic income needs. Other assets can then be directed to investments with more growth potential to help protect against inflation and market volatility.
If you purchase your SPIA with money that has already been taxed, the income payments you receive will be a combination of a return of principal and earnings. Only the earnings are taxed. You can also purchase Compass SPIA with pre-tax dollars, such as assets rolled over from an IRA, a tax-sheltered annuity or a qualified retirement plan. You continue to enjoy the benefits of tax-deferral and only pay taxes when income is withdrawn.
Your insurance and financial representative can provide more information and can assist you in obtaining Compass SPIA to help meet your needs. For more information see our product brochure.
*Guarantees are backed by the claims-paying ability of Ameritas Life Insurance Corp.
Compass SPIA (Form 2703) is issued by Ameritas Life Insurance Corp. in approved states. In New York, Compass SPIA (Form 5703) is issued by Ameritas Life Insurance Corp. of New York.