I've read alittle about life only annuities and from what I understand they will pay you x amount of dollars for as long as you live. If you die the insurance company keeps the money.
I believe the payment would be higher than a regular annuity since there are no beneficiary payments.
These may be worth considering for someone who is concerned about about out living their money and is not concerned about leaving a big estate.
Is anyone familiar with these annuities?
I believe the payment would be higher than a regular annuity since there are no beneficiary payments.
These may be worth considering for someone who is concerned about about out living their money and is not concerned about leaving a big estate.
Is anyone familiar with these annuities?