Tailored Income Annuity

The Standard’s TIA is a single-premium, immediate annuity. This annuity can provide the transition from an accumulation phase to an income phase of retirement, where a safe, secure source of income is critical. It also can be an ideal vehicle to convert large, lump-sum payments of insurance proceeds, divorce settlements or large-ticket sales into an income-producing annuity. Special options available in the TIA allow the addition of the Life Income Commutation* feature and the Inflation Protection feature to many of the payment options. The TIA is an excellent way to maintain an income stream that is matched to personal needs while adding the flexibility of lump-sum payment options.