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IncomeSource®

From Integrity Life

Income Source from Integrity Life, a single premium immediate annuity, is designed to provide clients with an income stream they cannot outlive.


The Market

SPIAs make up just a fraction of all annual annuity sales—just $9.9B of $241.7B in 20191—but as bond rates continue to decrease, clients who’ve traditionally sought reliable income through bond strategies may need to explore new options to secure similar or higher rates.


Why DPL Likes IncomeSource®

Income Source is unique in that it is issued up to age 95 (with a period certain), and with multiple annuitization options up to age 85. Income Source also offers a commutation benefit in the event of an unexpected liquidity need, along with an Increasing Payout Option to protect purchasing power typically lost to inflation.


How to Think About Commission-Free SPIAs

When your client needs:

GUARANTEED LIFETIME INCOME: SPIAs are explicitly designed to manage longevity risk by generating an income stream that clients cannot outlive.

FIXED INCOME: With interest rates at historic lows, SPIAs have the potential to provide a higher rate of consistent income payments than a fixed income strategy.

PRINCIPAL PROTECTION: For clients at or near retirement, sequence of returns risk can significantly impact their income levels throughout retirement. A SPIA mitigates this risk by annuitizing the assets and removing them from the market.

What's Next?

Learn more about how IncomeSource® can make a difference for your clients. Use our calculator or contact your DPL consultant.

More Materials from Integrity Life

Product information sourced directly from:  https://www.westernsouthern.com/

1LIMRA Secure Retirement Institute, 2019

All guarantees are based on the financial strength and claims paying ability of the issuing insurance company.

The purchase of an annuity within a retirement plan that already provides tax deferral under sections of the Internal Revenue Code results in no additional tax benefits. An annuity should be used to fund a qualified plan based upon the annuity’s features other than tax deferral. All annuity features, risks, limitations, and costs should be considered prior to recommending the purchase of an annuity within a tax-qualified retirement plan. In addition to surrender charges, withdrawals are subject to income tax.

Withdrawals prior to age 59 1/2 may also be subject to a 10% federal tax penalty.