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USAA Life Insurance Company and USAA Life Insurance Company of New York

An immediate annuity offers reliable income during retirement.

Talk about your options with  a Retirement Income Specialist. Schedule a call or call us at 800-833-9847.

What's an immediate annuity?

An immediate annuity is a type of insurance contract that can provide income during retirement years. It's also known as an income annuity. It's income for a period of time you choose or the rest of your life.

Our immediate annuity is a single premium immediate annuity, or SPIA. With a SPIA, you'll have income backed by the financial strength of USAA Life Insurance Company.

What you get with a single premium immediate annuity

Income you can’t outlive

Immediate annuities offer an income stream that can help support you and your loved ones no matter how long you live. You can also choose to get payments‍ ‍ See note 1 for a set period of time like 10, 15 or 20 years. 

Freedom to enjoy retirement

When you don't have to worry about outliving your savings, you're free to focus on living your retirement years the way you want.

How much income can you get with an immediate annuity?

Our annuity calculator can help you estimate your income. Just enter a starting amount or how much income you need, as well as the number of years you want your money to last.

Compare annuity payment options

You decide how you want to get your payments. You can also set up the recurring payments from your annuity to go directly into your bank account. 

Lifetime only

This offers the highest payout. Income is guaranteed‍ ‍ See note 2 for your lifetime only with no survivor benefits.

Guaranteed period of time

Income is guaranteed for a specific time typically 10, 15 or 20 years.

Lifetime and guaranteed period of time

Your income is guaranteed for the period you specify or for as long as you live, whichever is greater.

Benefits of immediate annuities

Our SPIA may fit into your overall retirement plan and help supplement other retirement income like Social Security.

More income from your retirement savings

Immediate annuities can be an efficient way to generate more income so you can make the most of your hard-earned retirement savings.

Reduce retirement portfolio risk

Create guaranteed income that helps you and your loved ones avoid taking portfolio withdrawals during market downturns.

Why choose USAA Life Insurance Company for an annuity?

We've been providing insurance products and services for more than sixty years. And we're built around the core values of service, loyalty, honesty and integrity. Here's more of what you can expect from us.

Our Retirement Income Specialists

We're here to help you find the annuity that best fits your retirement plan.

 

Our Retirement Income Specialists have the knowledge and insights to help you enjoy your retirement. They don’t work on commissions, and they can offer a complimentary review of your retirement outlook.

 

They’ll help educate you about:

  • Retirement goals.
  • Income sources.
  • Expenses and debt.
  • 401(k)s, IRAs and other assets.
  • Insurance and coverage limits.

You can get ready for your conversation using our retirement planning worksheet (PDF)Opens in a New Window

Financial strength

The USAA Life Insurance Company maintains top-tier grades from all three key rating agencies. That includes the highest possible from A.M. Best and the second-highest possible from both Moody's Investor Service and S&P Global.‍ ‍ See note 3

Commitment to the military

USAA ranks #1 on the Military Friendly® Company 2024 list.

What if a SPIA isn't right for you?

If you think a SPIA isn't the best fit for your situation, we offer other annuities.

Fixed Index Annuity

Our Fixed Index Annuity (FIA) annuity offers a market-driven index that could bring you higher interest returns.

  • Minimum to open: $100,000
  • 7-year term
  • Index tied to the S&P 500® performance without risk of losing principal

Deferred Annuity

Our Fixed Guaranteed Growth (FGG)
annuity offers protected growth at a guaranteed interest rate for a period you choose.

  • Minimum to open: $20,000 to $50,000
  • Term: 3, 5 or 10 years
  • Can be used to create guaranteed income later

Annuities FAQ

An immediate, or income, annuity pays out between 30 days and 12 months of opening it.

Get help settling an annuity.

Surviving the loss of a loved one involves many challenges and decisions. Our Survivor Relations team can be there for you during this difficult time.

We can help beneficiaries file an annuity claim and provide guidance on how to handle an estate.

Let’s start planning for your retirement.

Call 800-833-9847

For TTY devices, dial 711