Single Premium Immediate
A single premium immediate annuity generates income payouts starting at purchase. A one-time, lump-sum contribution establishes an immediate, steady income stream guaranteed by the issuer for as long as you choose — a specified number of years or even the rest of your life.
Refer to the toolkit below for additional information about each product.
Integrity Life Insurance Company | National Integrity Life Insurance Company
IncomeSource®, a single premium immediate annuity, lets you convert your saved assets into guaranteed income for as long as you choose — a set number of years or for life. IncomeSource also provides flexibility with features you can select for additional income options: commutation*, cash refund, increasing payout option and temporary life.
*Commutation currently unavailable in NY and OR. The commutation option is not available with life only payouts, temporary life payouts and certain period payouts of less than 10 years.
An immediate annuity is permanent. An owner has no access to the premium, which converts to income payouts. A contract has no cash value, no death benefit and can’t be surrendered. Terms such as the payout amounts, timing and rates cannot be changed, unless commutation elected. Payouts end at annuitant death unless certain period or installment refund option elected. Life contingent payout may be less or more than premium based on length of annuitant(s) life. Life and Temporary Life payouts provide no benefit on or after the death of the annuitant(s). The commutation rider is not available all states.
Contract series ICC09 ENT-01 0901, ICC09 ER.01 0901, ICC09 ER.02 0901, ICC09 EE.01 0901, ICC09 EE.02 0901, ICC09 EE.03 0901, ENT-01 0901, ER.01 0901 and ER.02 0901.
Payment of benefits under the annuity contract is the obligation of, and is guaranteed by, the insurance company issuing the annuity. Guarantees are based on the claims-paying ability of the insurer. Annuities are issued by Integrity Life Insurance Company, 400 Broadway, Cincinnati, OH, 45202 or National Integrity Life Insurance Company, 15 Matthews Street, Suite 200, Goshen, NY, 10924-1995, both are members of Western & Southern Financial Group. Integrity operates in DC and all states except ME, NH, NY and VT, where National Integrity has operating authority. W&S Financial Group Distributors is an affiliated agency of issuer. Issuer has sole financial responsibility for its products. This contract has limitations. Annuity benefits offered may vary due to misstatement of sex or age.
Earnings and pre-tax premium payments are subject to income tax at withdrawal. Withdrawals prior to age 59½ are generally subject to a 10% IRS penalty tax.
Western & Southern member companies and their agents do not offer tax advice. For specific tax information, consult your attorney or tax advisor. Product and feature availability, as well as benefit provisions, vary by state. See your financial professional for availability, details and limitations.
NOTE: Product availability may vary by distribution channel and state availability. Please consult your financial professional for the products they represent.
No bank guarantee.
Not a deposit.
May lose value.
Not FDIC/NCUA insured.
Not insured by any federal government agency.