Thursday, June 24, 2004
Recent Client Question. WWW.legacyannuities.com
If I buy an Immediate annuity Life only will my hiers
recieve any thing upon my death?
The Immediate Annuity—Old Investment Revamped for Modern Times
The word “annuity” brings to mind different meanings for many investors. That’s because there are different types of annuities designed for different purposes. The oldest of these is the immediate annuity long used to generate a lifetime retirement income. The structure is well known as follows. (continued - see Immediate Annuity col. 1, page 2) The major drawback is an early death. In such a case, the annuity company keeps the funds and the income ends. This early-death financial risk has been a negative aspect for some investors. However, now there is a solution as some annuity companies will guarantee return of the investment to heirs in the case of an early death. The feature is called “life payments with installment refund.”
If I buy an Immediate annuity Life only will my hiers
recieve any thing upon my death?
The Immediate Annuity—Old Investment Revamped for Modern Times
The word “annuity” brings to mind different meanings for many investors. That’s because there are different types of annuities designed for different purposes. The oldest of these is the immediate annuity long used to generate a lifetime retirement income. The structure is well known as follows. (continued - see Immediate Annuity col. 1, page 2) The major drawback is an early death. In such a case, the annuity company keeps the funds and the income ends. This early-death financial risk has been a negative aspect for some investors. However, now there is a solution as some annuity companies will guarantee return of the investment to heirs in the case of an early death. The feature is called “life payments with installment refund.”
Subscribe to Posts [Atom]