SPIA Life Insurance Policy Calculator
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A SPIA is a contract with an insurance company where you give them a lump sum of money, and the insurance company pays you a set amount every month for the rest of your life.
Description from [http://whitecoatinvestor.com/spia-the-good-annuity/|White Coat Investor]
Contributed by Marc Molina
Payout Rate Per $1,000