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
Does COSVI Cancer policy include prevention exams?
Yes, we can reimburse preventive exam expenses if the policy is active for two months.
Who can be the beneficiary of my life insurance?
You can designate as a beneficiary any natural person or any legal person, him or she being a legal beneficiary or not.
What should I do if I want to reinstate my life policy?
You just have to fill out the Reinstatement Application and send it in original format, with the payment of all premiums owed by regular mail to: Puerto Rico Life Insurance Cooperative, COSVI Attention Issuance Department PO Box 363428 San Juan, P.R. 00936-3428. You can also deliver it to any of our offices or through your Authorized Insurance Representative.
How can I establish my claim?
To submit a claim you must complete the Claim Application and accompany it with the necessary documents according to the insurance policy you have purchased. For more information you can access the Claims section. For your convenience, you can advance these documents by e-mail service.reclamaciones@cosvi.com, via fax to 787-200-2574 or deliver them to any of our offices. An important fact for SINOT cases is that SINOT claim applications require original documents.
What is the cost of a Life Insurance?
The premium is the amount established that you must pay as owner of the policies, and it will depend on what type of insurance and the endorsement you need. For more information, you can get in touch with an Authorized Representative.
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.
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