Looking for SPIA with link to CPI?
- Thread starter MAnnuity
- Start date
Off the top of my head, I don't know any.
I'm guessing that it's a giant PITA to administer and make actuarily sound, at least currently.
- 4,882
unlikely to find many offerings today. Actuaries likely cant price such a currently volatile element like CPI without a huge discount currently. Even if they could, likely wouldnt make it attractive to client/agent, meaning no sales & wasted resources & product design. Last I knew, Thrivent offered one. Not sure if it is for sale to new money or just an offering from their internal contracts as death claim settlements, etc
I have seen some LTC policies with inflation riders linked to Medical CPI. not sure if those are still sold alot or not.
Good question though & would be nice design feature in SPIA, lifetime income riders, LTC benefits
Attachments
Just make sure your clients are Christian and that they're cool with a fraternal.
- 4,882
Yeah, I dont know much about them, but last I knew they were now offered on platforms like Schwab & Fidelity & TD Ameritrade. When I was in my Fidelity app looking at fixed products a year or 2 ago, I saw the Thrivent SPIA with CPI offering.
Was surprised how many carriers are on the fidelity platform, even for MYGA. Like W&S, Mass, USAA, Guardian, New York Life, etc
Last edited:
