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Deferred Annuity Payouts:
Many annuities require the owners to take payments over 5 or 10 years in order to receive the full “annuitization value”. There usually is a significant penalty for the owner to take a “lump sum”. We can usually provide a larger “lump sum” payment than the insurance company if you call for a no obligation quote.
Death Benefit Annuity Payouts:
Beneficiaries of annuities are often required to take a 5 year payout by some insurance companies to receive the full account value upon death of the annuity owner. Children of parents who have had deferred annuities know this reality. The heirs may need money to pay taxes and final expense bills. They also may want take their full inheritance today. The 5 year payout to “get the money” is not acceptable. We can usually get you a larger “lump sum” than the insurance company if you call for a no obligation quote.
If you are currently receiving a payout or if loved one has died and you are faced with the option of a 5 year payout to get your money or a significantly reduced “lump sum” then give us a call for a no obligation quote.
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