Your Double Barrel Annuity

Safe accumulation and guaranteed lifetime income.

This illustration is conceptual. Only Layer 1 is guaranteed on these terms. Later layers could have different interest rates, features, or be discontinued. Illustrated values assume the original MYGA rate continues; renewal rates may change but will not fall below 2.40% after the initial guarantee period.

Double Barrel Annuity

Rugged hunter in a marsh firing a long-barreled double shotgun toward the sky

Most people take a single-barrel approach to retirement. They accumulate, then they spend. That works until the income years are hit by inflation, a down market, generous vacations, or children tapping "rich" parents - often in a person's 80s, when going back to work is no longer realistic.

The Double Barrel Annuity fires both barrels: Barrel 1 is a Canvas MYGA that accumulates. Barrel 2 is a Canvas SPIA (life only) for guaranteed lifetime income. After each MYGA term, growth in Barrel 1 funds the next SPIA. Income stacks. The MYGA keeps working.

Mary, a single 73-year-old retiree, has $500,000 in taxable accounts averaging 4% - about $20,000 a year, fully exposed to rate cuts and inflation, with no lifetime guarantee. Her alternative is the Double Barrel Annuity: $250,000 in a Canvas Future Fund MYGA and $250,000 in a Canvas SPIA, with MYGA growth funding the next SPIA until she can no longer issue a new policy.

Joe is single, age 65. He plans to work until age 70 or 72 to maximize Social Security. He wants a safe, guaranteed lifetime income and is considering a Fixed Index Annuity with a Guaranteed Lifetime Income Rider, rolling over $500,000 of his 401(k) to receive about $4,000 a month at age 72. He is in perfect health and his father lived until age 93. He worries about outliving his income, losing money in a down market, and a recession from the AI revolution. He is aware of inflation, but is starting his income higher than he needs in the early years to help make up for later.

Your Double Barrel Annuity

Client Name

Age (last birthday)

Date of Birth (recommended)

Sex

Female Male

Barrel 1 MYGA Amount

Barrel 2 SPIA Amount

MYGA Duration

Adjust Barrel Amounts to Start Income in Year with

Adjust SPIA Amount downward by amount of the 10% free withdrawal

Skip SPIA for first period

Remove COLA on SPIA Replace COLA Increases with MYGA withdrawals

Deferred MYGA rates and SPIA income are based on current Canvas product files and are subject to change. This is a concept illustration, not a policy, recommendation, or tax opinion. New MYGA/SPIA issues cannot exceed each product's maximum issue age. Published by ImagiSOFT, Inc. - imagisoft.com

The Effect of 3% Inflation

Most people know that increasing prices for goods and services is called inflation. Since inflation has averaged about 3% for the past 100 years, these reports will calculate the purchasing power of future dollars using a 3% annual rate, and will also calculate the annual internal rate of return (IRR). An IRR of 3% will perform like 0% in the Value in 2026 Dollars column.

Mary's story

Mary, age 73, keeps $500,000 in taxable accounts averaging 4% and spends the $20,000 of interest each year. Principal never grows. Income never grows. 3% inflation reduces what that money will buy every year through age 105.

Joe's Guaranteed Lifetime Income Plan

Joe is single, age 65. He plans to work until age 70 or 72 to maximize Social Security. He wants a safe, guaranteed lifetime income and is considering a Fixed Index Annuity with a Guaranteed Lifetime Income Rider, rolling over $500,000 of his 401(k) to receive about $4,000 a month at age 72. He is in perfect health and his father lived until age 93. He worries about outliving his income, losing money in a down market, and a recession from the AI revolution. He is aware of inflation, but is starting his income higher than he needs in the early years to help make up for later. His lifetime income is guaranteed at $47,205 a year, but 3% inflation devastates that plan starting on day 1.

3% compound inflation is an assumption, not a forecast. Mary's $20,000 and Joe's $47,205 do not increase. This is a concept illustration, not a policy, recommendation, or tax opinion.