Forever Fund

Plan Today, Earn A Paycheck For Life

The Forever Fund is a single premium immediate annuity (SPIA) you can customize to your lifestyle. Choose the plan that suits you best with options like cash refunds, annual payment adjustments, and a variety of customizable payment options, including term certain and lifetime paychecks to fit your retirement needs.

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Forever Fund Payment Estimator

Forever Fund Brochure

Owner First Name

Owner Last Name

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Premium Amount

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Annuitant First Name

Annuitant Last Name

Annuitant Age

Annuitant Gender

Annuitant Options

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The annuity payments shown are estimates based on the information you provided, including the single purchase payment, purchase date, payout type, payment frequency, and the first annuity income date. Your final payment amount may vary due to factors such as the date funds are received, your final issue date, and your age at the time of issue. You'll receive your finalized payment amount when your contract is issued, and you'll have 30 days to review the contract once it's delivered.

REACH YOUR RETIREMENT GOALS WITH THE FOREVER FUND

MEET LISA

Her goal: Create reliable income and protect her legacy for loved ones.

Lisa is 55 and is entering retirement with a focus on creating stability for her future and safeguarding her loved ones. With $250,000 rolled over from her 401(k), she values a plan that not only delivers reliable, lifetime income but also protects her legacy—ensuring that if she passes away before fully receiving her investment, her beneficiaries will get the remaining balance.

MEET SARAH

Her goal: Convert savings into dependable retirement income.

Sarah is 55 years old and recently retired from her role as a healthcare administrator. After years of diligent saving, she's ready to enjoy a more flexible lifestyle—traveling, volunteering, and spending time with her grandchildren. With $250,000 rolled over from her 401(k), Sarah wants to turn part of her nest egg into dependable income, but she's also thinking ahead about inflation, legacy planning, and how to bridge the gap until Social Security.

MEET RICHARD

His goal: Secure lifetime income to support his lifestyle and spouse.

Richard is 65 and recently wrapped up a long career as a small business owner. He's ready to simplify life, spend more time golfing, and enjoy long weekends at the lake with his wife. With most of his savings in a 401(k), he's looking for a way to turn a portion—$250,000—into guaranteed income he can count on every month. Richard is especially focused on protecting his wife if something happens to him, keeping up with rising costs, and ensuring his money lasts as long as he does.

How It Works

A single premium immediate annuity (SPIA) is funded with a one-time lump sum payment that offers income that can start as early as 30 days after policy issuance. The Canvas Forever Fund provides reliable income that lasts your retirement through a variety of payment options. Popular features for the Forever Fund include:

Customizable Payment Options to Fit Your Life

With a range of flexible payout choices, you can tailor the Forever Fund to your lifestyle and retirement goals. Select from fixed period payments (5, 10, 15, or 20 years), guaranteed lifetime income, or a combination of both. Want predictable growth? Choose an annual 3% inflation increase. Prefer peace of mind? Add a life contingency or refund option to ensure you or your loved ones continue receiving money.

Choose How Much You Get Paid

Your monthly income depends on the amount of your single premium payment and the payout option you select. The more you put in, and the shorter you choose to receive payments for, the higher your income. Whether you’re looking for steady income now or a higher future payout, the Forever Fund lets you align your retirement income with your financial needs and timeline.

Make Sure You Get Your Money’s Worth with Cash Refund Options

Move money from your 401(k), IRA, or savings into the Forever Fund and start receiving guaranteed income right away. With our cash and installment refund options, your initial premium is protected—if you pass away before receiving it all back, the difference is paid to your beneficiary. It’s a simple, secure way to turn savings into income while protecting your legacy.

HOW TO SET UP THE FOREVER FUND

BUY ONLINE

Apply in as little as 10 minutes using our simple and secure online application.

CHOOSE HOW TO FUND

Easily fund with an electronic check (fastest), wire transfer, paper check, 401K, IRA, or annuity transfer.

GET PAID IN RETIREMENT

Continue to receive paychecks in retirement, with payment options customized to fit your needs.

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More Options

Want to grow your funds faster for retirement? Learn more about our Future Fund multi-year guaranteed annuity (MYGA) with competitive annuity interest rates.

View the Future Fund

Drawing a blank on retirement? Draft a plan with our visual guide.

Use our free interactive guide and create a comprehensive retirement plan that's picture perfect.

Forever Fund FAQs

A single premium immediate annuity (SPIA) is a type of annuity you purchase with one lump sum. In return, payments usually start within a year. A SPIA has no cash value and cannot be surrendered after the 30-day free look period. A SPIA is a simple way to turn retirement savings into steady retirement income.

Payments for Term Certain, Single Life, and Joint Life Forever Fund annuities can be paid monthly, quarterly, semi-annually, or annually beginning on the annuity income date through the annuitant’s lifetime or for a predetermined term (5, 10, 15, or 20 years).

You can select an annual increase feature with the Forever Fund annuities in order to increase your payments. If selected, payments will increase by 3% on each policy anniversary.

The annuity income date for the Forever Fund cannot be changed after purchasing. The only exception is if we do not receive your funds at least 30 days before your chosen annuity income date. In that case, we will automatically move your income date to the same day in the next month.

Your payments are determined by your annuitant’s age, gender, state, the payment option you select, and the frequency of payments. Please use our annuity calculator to estimate your payments under various scenarios. .

Payments after an annuitant passes away will depend on the payment options selected on the application.

Cash Installment: Your beneficiary will receive lifetime payments until the total of income payments equals the original premium.

Cash Refund: Your beneficiary will receive a lump sum payment equal to the original premium, minus any previous payments.

Term Certain: If the annuitant passes away prior to the end of the term the beneficiary will continue to receive payments until the term is complete.

Single Life Contingent: If the annuitant passes away, payments will cease.

Joint Life Contingent: If an annuitant passes away, payments continue to the Joint Life. In some cases, these payments will be less than the original payment.

Life Contingent including Term Certain: If the annuitant passes away prior to the end of the term, the beneficiary will continue to receive payments. If the annuitant passes away after the term, payments will cease.

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