Single Premium Immediate Annuity
An individual annuity contract, which can only be paid in one lump sum, with monthly rent starting 12 months or before after the only payment is deposited.
Product summary
Individual plan
Is a contract through which you make a single payment, and you can start receiving monthly rent within 12 months of the one-time payment.
Benefits
- Exempt contribution (IRS Discounts)
- Savings Instrument
- Income Retirement, Accumulation
- Complements benefits of a Retirement Plan and your Social Security.
- Guarantee monthly payments to meet specific bills (Ex. Medical Plan).
Contract dispositions
- Initial deposit of $300.00
- Partial annual withdrawals are allowed without a 10% penalty on your accumulated balance.
- The rented should be minor to 85 years of age when annuity is established.
- No age limit to receive start receiving benefits.
- The owner or renter designated the beneficiary's form of payment (distribution)will be distributed globally sum.
Payment methods
These are the payment methods available to purchase your plan.
Frequently asked questions
We leave you some of the most frequently asked questions about our plans
What alternatives do I have to obtain a life insurance in COSVI without a need to go through a medical exam?
We have some examples available that are generation 40/80 and Cosvi Serena.
The cancer policy only covers the deductible of the medical plan or the total of expenses incurred?
No, the reimbursement will be processed in line with the benefit reclaimed and the limits of the coverage.
To acquire a life or accident insurance does it require a medical exam?
There are no insurance alternatives that guarantee emissions, so you can get insurance without a medical exam. It absorbs savings for future or health problems.
Where can I settle the claim as a member of the Cooperative that acquire an insurance?
You should settle your claim at the Cooperative of Saving and Credit, where you obtain your policy.
Which is the period to settle a claim on the school policy or Special Accidents Policy?
The period is 90 days.
What should I do to change the frequencies of payments?
If you wish to change the frequency of payment, you should speak to an authorized representative or a police repair specialist.
Steps to acquire your insurance
In just three steps, you can get the policy you are looking for.
Initial Consultation
In your initial orientation appointment, the objective is to establish good relations hear youcarefully and make adequate questions to know which you are needs a free consultation.
Evaluation
Depending on your needs, we evaluate the different products beneficial for you.
Presentation
Besides your resume, we will continue to evaluate all information provided to recover your situation and confirm your needs. We propose an action plan that identifies and explains different products and alternatives that meet your needs. If you agree with our recommendations, we help you get the product.
Orientación Inicial
En la cita inicial el objetivo es establecer una buena relación, escucharle detenidamente y hacerle las preguntas adecuadas para saber cuáles son sus necesidades.
Evaluación
Dependiendo sus necesidades, se evaluarán los diferentes productos de mayor beneficio para usted.
Presentación
Además, de resumir la situación, confirmar sus necesidades se procede a evaluar toda la información provista, se presenta un plan de acción en el que se identifican y explican los diferentes productos y alternativas que satisfagan sus necesidades. Si usted está de acuerdo con las recomendaciones, se le ayuda adquirir el producto.
What our clients are saying
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