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Advantage 40 Annuity

If you’re looking for a way to convert a lump-sum of money into an immediate stream of income, then BetterLife’s Advantage 40 Annuity may be the right fit for you.

BetterLife’s Advantage 40 Annuity is a single premium immediate annuity. A single premium immediate annuity provides a guaranteed stream of income for a specified period of time. This period could be up to, or even beyond, the rest of your life. The annuity is purchased with a lump-sum, which is immediately converted into systematic payouts back to you. There are multiple settlement options available, providing you with the flexibility to choose one that is right for you.

Our Advantage 40 Annuity offers:

  • One, easy deposit: Turn a one-time, lump-sum deposit into an immediate stream of income that can last for a set period of time or for the rest of your life.
  • Guaranteed stream of income: You receive guaranteed payments which you can never outlive, or which may be guaranteed for a specific period of time.
  • Financial security: Your funds are not subject to fluctuations in the financial markets, which means your payments will not stop or change.
  • Multiple payout options: You choose how you receive your payments and for how long.

*Withdrawals are subject to income tax, and most withdrawals made prior to age 59 1/2 are subject to a 10 percent IRS penalty. Guarantees are backed by the financial strength and claims-paying ability of BetterLife.

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