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.
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.
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.
Annuities FAQ
Yes. After owning your deferred annuity for one year, you can use it to generate income.
Persons living in retirement often use a SPIA to generate guaranteed income to cover their essential monthly expenses. This fixed monthly payment can help you meet your monthly bills and avoid the risk of running out of money during your retirement.
If you choose a guaranteed period option and pass before the period ends, payments will continue to your beneficiary.
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.