Drafting Language - Operator Of Uninspected Passenger Vessels As Defined In 46 U.S.C. 2101 (42)(B) Upon Inland or Great Lakes OR. Operator of Uninspected Passenger Vessels As Defined In 46 U.S.C. 2101 (42)(B Upon Near Coastal Waters Not More than 100 Miles. Offshore.
What is a SPIA? 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. This ensures youâll never run out of money, and so can be a useful part of retirement planning for just about anyone.
What Is An Immediate Annuity? Written by Hersh Stern Updated Tuesday, January 16, 2018. A Single Premium Immediate Annuity (sometimes referred to as an SPIA) may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time.