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What is Navy Mutuals Single Premium Immediate Annuity?

April 26, 2017Annuity immediate Navy Premium

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What is Navy Mutuals Single Premium Immediate Annuity?

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Navy Mutual’s Single Premium Immediate Annuity is a non-qualified fixed annuity contract that will permit you to make a onetime premium deposit which will guarantee a stream of income that can be paid out over the annuitant’s lifetime or for a specified period of years. Navy Mutual allows you to choose from a variety of payment options as explained later.