Skip to Main Navigation Skip to Main Content
couple enjoying a walk
Help Create Retirement Confidence With Income Annuities

Guaranteed Income With Income Annuities

Retirement peace of mind comes from simplicity and security. Payouts from income annuities are automatic and guaranteed.

Such payouts can be a key component of a retirement income strategy. Income annuities permanently convert a portion of retirement assets into income that begins right away. The payouts can be guaranteed to continue for as long as two lives. Because the protected income stream can improve the probability of preserving assets, it helps create an opportunity to pursue growth and inflation protection with other assets.

IncomeSource Series Single Premium Income Annuity (SPIA)

IncomeSource® Series single premium income annuity (SPIA) lets you convert your saved assets into guaranteed income for as long as you choose — a set number of years or even for life. IncomeSource® options include commutation liquidity, increasing payouts and more.

  • Commutation Liquidity
    IncomeSource® offers emergency access to a limited amount of funds while the contract remains in force (at a reduced payout amount).
  • Increasing Payouts1
    IncomeSource® offers an option that can help you keep up with inflation offering payouts that increase yearly.
  • Comdex Strength
    IncomeSource® is backed by an issuer with high industry ratings you'll find here. Plus a 95 out of 100 Comdex ranking.

Check Your Retirement Income Success

Will your retirement income last? See how certain factors may affect it. Try our tool to test your income success. 
Retirement Income Calculator
Seeking Income? Hear Meg's Story

See how one client created an “income strong” retirement strategy she can’t outlive.


1Payouts end at the annuitant's death unless a certain period or installment refund option is selected. If a payout for life or for two lives is selected, whether the payouts received are less than or greater than the premium paid will depend on how long the annuitant(s) lives. If death occurs after any guaranteed income payouts have been made, no additional payments will be made to the beneficiary.

An income 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 in all states. IPO payments are initially lower than a payout option without IPO. IPO payments increase annually and at some point, depending on payout elected and annuitant’s longevity, exceed those received under an option without IPO. If annuitant dies prior to life expectancy, a payee may receive less total income with an IPO than without one.

Single Premium income Annuity contract series ICC16 ENT-01 1701, ENT-01 1701 NY, Deceased Commutation Rider series ICC09 ER.02 0901 and Living Commutation Rider series ICC09 ER.01 0901.

Payment of benefits under an 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. All are members of Western & Southern Financial Group. W&S Financial Group Distributors, Inc., is an affiliated agency of the 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. Interest rates are declared by the insurance company at annual effective rates, taking into account daily compounding of interest.

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.

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.