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Standard Insurance Company A Stock Life Insurance Company 1100 SW Sixth Avenue Portland, Oregon 97204 (800) 2476888 SINGLE PREMIUM IMMEDIATE ANNUITY CONTRACT Owner(s): Contract Number: Annuitant(s):
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A single premium immediate annuity is a type of annuity contract that is purchased with a single lump-sum payment and begins making payments to the annuitant almost immediately.
Individuals who have purchased a single premium immediate annuity are required to report it on their tax returns.
To fill out a single premium immediate annuity, individuals should report the details of the annuity contract on the appropriate tax forms.
The purpose of a single premium immediate annuity is to provide a stream of income payments to the annuitant for a specified period of time.
The information that must be reported on a single premium immediate annuity includes the amount of the lump-sum payment, the payment schedule, and any other relevant details of the contract.
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