>>>Single Premium Immediate Annuity


Single Premium Immediate Annuity (SPIA) provides a fixed monthly payment in the future. You can choose these payments to cover a fixed amount of time or for as long as you live. This product is designed to handle both new premiums and as a payout of the cash value of your current Sons of Norway product.

Who is it for?

You should consider an SPIA if you want a predictable, steady income stream into the future. The lifetime payment option guarantees a regular payment you can’t outlive.

Getting started with a SPIA

With an SPIA, you have the flexibility to choose how you want to receive the payments:

  • Payments can be structured as a fixed amount each month, or for just a fixed number of months.
  • You can choose to receive payments for as long as you live, with or without a guaranteed minimum number of payments.
  • Alternatively, you can choose to receive payments for as long as either you or your spouse live, with or without a minimum number of payments.

Is the SPIA right for you?

Talk to a Sons of Norway Financial Benefits Counselor to find out.Get your free Financial Review and get started toward a more secure tomorrow.

This page describes certificate series SPIA02.

COVID-19 Underwriting Policy

During the COVID-19’s (coronavirus) status as a pandemic in the United States, Sons of Norway has implemented temporary policies and we are continually assessing the impact of this situation on our business. We have committed to communicating regularly and reassessing these policy changes often in order to get back to business as usual as soon as possible. We appreciate your understanding in these unprecedented times.

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