As a fixed annuity, this product provides a competitive and guaranteed interest rate over a specified term. All the risk is carried by the insurance company. This a safer option than indexed and variable annuities, which do not offer guaranteed results and put the risk on the consumer. The number one goal for this product is helping clients save for a secure future.

Funds from a Single Premium Deferred Annuity can be withdrawn without penalty after the contract owner turns 59 ½, though they can still access funds for a fee before then. On top of offering a competitive rate of return, this product also includes a guaranteed death benefit.