urn2bfree
Full time employment: Posting here.
- Joined
- Feb 14, 2011
- Messages
- 852
Many years ago, before we met, and before we knew anything about the heck we were doing with money my wife bought an annuity. She just received her annual report and this is the irst time I have given it any attention. And I'll be darned if I can figure out what tis is or what it does.
It's called a Flexible Premium Deferred Annuity-Market Choice from North American Company for Life and Health (NACOLAH)
It has a Surrender Value and a slightly higher Death Benefit
What are our options?
How and when does this pay out short of death? I can't tell from this report. About a third of it's surrender value is Interest and Index Credits. It is 100% Fixed Income investment. And is Annuity type-”Non- Qualified" whatever that means.
I tried Finding info on these boards and the Internet in general and am not getting any clarity.
This forum is always loaded with smart helpful people. Anybody have some insight they could share?
Sent from my iPad using Early Retirement Forum
It's called a Flexible Premium Deferred Annuity-Market Choice from North American Company for Life and Health (NACOLAH)
It has a Surrender Value and a slightly higher Death Benefit
What are our options?
How and when does this pay out short of death? I can't tell from this report. About a third of it's surrender value is Interest and Index Credits. It is 100% Fixed Income investment. And is Annuity type-”Non- Qualified" whatever that means.
I tried Finding info on these boards and the Internet in general and am not getting any clarity.
This forum is always loaded with smart helpful people. Anybody have some insight they could share?
Sent from my iPad using Early Retirement Forum