Immediate annuities

A single payment immediate annuity, Securian’s IncomeToday (issued by Minnesota Life) is geared at the boomer and retiree communities’ needs of guaranteed income. In return for a lump-sum payment of $25,000 to $2 million, purchasers receive monthly payments and additional one-time access with an advance withdrawal benefit. Benefits include fixed payments, tax advantages due to stretch capabilities, joint life options for both spouses and availability up
to age 90.