Is A Single Premium Annuity A Good Investment? 
Video Transcript : Hello everyone , I 'm Steve Savant syndicated financial columnist and host of the weekly online talk show , Steve Savant 's Money The Name of The Game . I 'm answering questions from insurancelibrary.com . Today 's question is : is a single premium annuity a good investment ? Well remember , generally these are interest driven products and single premium annuities could be a period certain . It could be ten years certain . It could be 20 years certain or one of the most popular out there right now is you 're actually purchasing a lifetime of income with a single premium immediate annuity . If it 's nonqualified the money which you originally put into it called basis comes out blended with the gain on this , so there 's a little bit of a tax advantage there . Remember , you ca n't outlive this , so if you become the Guinness Book of World Records or you 're one of Willard Scott 's people who turn 100 every day , you 're going to get that payment and it 's there for the rest of your life . A lot of people like immediate annuities to be the underpinning or their foundation of their retirement . Well , that 's our consumer question for today . If you have any questions just submit them to www.insurancelibrary.com . 