Retirement Income Guaranteed to Last

We created the Single Premium Immediate Annuity (SPIA) to provide your clients with the security of steady retirement income that won’t change when markets or interest rates fall. SPIA offers guaranteed monthly income options that deliver security and help your clients plan ahead with confidence.

How it works

Your clients decide on the length of time they want to receive payments, either for a set number of years or payments for life. They also decide on the strength of their guarantee. They can receive a fixed amount that can never change and they can select guaranteed income for their lifetime or the lifetime of themselves and a loved one.

Why investors choose SPIA

  • Retirement income for life
  • Protection from longevity, market and interest-rate risk
  • Protection for beneficiaries

Why SPIA is important

More and more Americans face an uncertain future in retirement. Pensions may be a thing of the past, 401(k)s are dependent on the whims of the market, health care costs are rising and interest rates are at historic lows.

SPIA provides your clients with a vehicle for guaranteed retirement income they can structure to meet their needs and the needs of their families. This valuable annuity product is underwritten by CMFG Life Insurance Company (CMFG Life), a leading provider of financial services and a holding of CUNA Mutual Holding Company, a Fortune 1000 company.

When clients

guarantee_benefits_graphic2.svgThey begin to view retirement more confidently
They may consider complementary retirement planning approaches


Predictable Income for life.
Your clients will know exactly what their lifetime income will be.



A retirement strategy with risk protection.
Your clients benefit from no market volatility and protection from longevity risk.



Benefits for surviving loved ones.
Your clients can ensure the financial security they’ve worked hard to achieve is passed on to their beneficiaries.

Get Appointed

Thank you for your interest in getting appointed with CUNA Mutual Group. The process for getting appointed is simple — just 3 easy steps.