Determine if you and your spouse will need to supplement your Social Security and pension benefits with a steady stream of income, if so, North Coast Life's Single Premium Immediate Annuity (SPA) was designed for you.

Retirees often purchase single premium immediate annuities with funds received from bank or brokerage firm CDs or IRAs, an employer-sponsored retirement plan, the proceeds from a savings account, the cash value or death proceeds of a life insurance policy, or the proceeds from the sale of a home. IRAs, 401(k)s and other qualified retirement plans require minimum distribution of the funds starting at age 70 ½ in order to avoid immediate taxation. North Coast Life's Single Premium Immediate Annuity (SPA) is an excellent choice for meeting these distribution requirements and was created to be one of the most secure lifetime income plans on the market today, with a variety of flexible guaranteed payout options for you and yours.

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You can't predict how long your retirement will be so it's nice to know with North Coast Life's Single Premium Immediate Annuity (SPA) you receive income for the rest of your life. It continues to pay an income as long as you live, so you cannot outlive your annuity payments.

When lifetime income payments are calculated on your life (single life basis) and you should die within the chosen guaranteed payment period of 5, 10, 15 or 20 years, your spouse or other designated beneficiary will continue receiving the expected income payments for the balance of the guarantee period.

Lifetime income payments are calculated on the average age of you and your spouse or other designated beneficiary (joint life basis) the annuity payments are paid to you as long as you live, and after your death, to your spouse, or other designated beneficiary as long as he or she lives. Flexible payment options include a greater payment amount on two lives that reduces upon the first death, giving an increased income for you and your spouse when the income needs for two are greater than one.

You can choose the benefit your survivor will receive upon your death. However, the option you choose for your beneficiary will affect the payout amount you receive. If your spouse or other designated beneficiary dies within the chosen guaranteed payment period, your next designated beneficiary will continue receiving the expected income payments until the end of the guarantee period.

With these features, North Coast Life has designed a product to help you have a steady, guaranteed income in retirement that you cannot outlive.

In today's world, safety is more important than ever. You can be assured that with North Coast Life's Single Premium Immediate Annuity (SPA), your consideration is invested wisely. 97% of policyholder reserves are invested in safe, investment grade bonds. North Coast Life has the financial strength and stability consumers need when making an important decision like buying life insurance and annuities.

Retirement planning involves more than reaching a specific savings goal, particularly since you can't predict how long your retirement will be. To prepare for your future, North Coast Life's Single Premium Immediate Annuity (SPA) has the options for income needs with tax deferral in your retirement, giving you the choice to decide which one best meets your needs. Ask a North Coast Life Representative to help make the right income payment choice. Although life is unpredictable, good planning can help you have a financially secure retirement.

Issue Ages

• All ages accepted.

• Minimum Consideration: $5,000
• Maximum Consideration: No Maximum

The Single Premium Immediate Annuity (SPA) annuity can be written in IRA, SEP-IRA, 401(k), Pension and Profit Sharing Plans, as well as non-qualified plans.

Upon annuitization (in applicable states), a premium (contribution) tax is deducted.