Compelling Reasons Why So Many People Consider a SPIA

• Have guaranteed income during retirement years
  
  
• Cover specific essential expenses during retirement years
  
  
• Avoid being a financial burden on children
  
  
• Satisfy IRS required minimum distributions
  
  
• Pass an estate on to heirs or reduce estate taxes
  
  
• Realize other miscellaneous tax advantages
  
  
• Provide temporary income until Social Security or other retirement income begins
  
  
• Spread out tax liability on a highly appreciated asset
  
  
• Pay long-term care insurance policy premiums
  
  
• Avoid IRS penalty for early withdrawal
  
  
• Spend down an estate
  
  
• Pay life insurance policy premiums
  
  
• Fulfill legal or financial obligations (e.g., alimony, business buy-sell, etc.)

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Source: Annuitization Study, Matthew Drinkwater, LIMRA International.

The Western National series of annuities is issued and underwritten in New York by The United States Life Insurance Company in the City of New York and in all other states by Western National Life Insurance Company.