Sundance Kid
Recycles dryer sheets
- Joined
- Nov 23, 2005
- Messages
- 195
Received, in the mail today, this offer. Purchase a One-Time Annuity, in the amount of $20,000, $50,000, or $100,000.
This will guarantee a minimum of $122, $310 or $642, (depending on which plan you chose) for your lifetime, per month. For as long as I live. If, I" Crater," the Wife, would receive a refund, for the difference, between the original purchase amount and the actual amount paid out. (Actually, it says, beneficiary gets the balance.)
Federal and State Taxes, apply to all income received. And the above monthly amounts, are estimates only!! ( Gotta send in the information form, to get an accurate quote.)
Nothing mentioned about expenses, for providing this service.
What did I miss? Other than the fcct, that I shell out a bundle up front and receive a pittance monthly, for the rest of my life? If, I live 15 years and IF, I paid
for a $20,000 annunity, I would have received a maximum of $21,960, in benefit payments.
Seems like, you could put $20,000, under a rock, for 15 years and make more than$1,960.00. Get my drift?? I'd appreciate any comments! Thanks!!
J.D (Sundance Kid)
This will guarantee a minimum of $122, $310 or $642, (depending on which plan you chose) for your lifetime, per month. For as long as I live. If, I" Crater," the Wife, would receive a refund, for the difference, between the original purchase amount and the actual amount paid out. (Actually, it says, beneficiary gets the balance.)
Federal and State Taxes, apply to all income received. And the above monthly amounts, are estimates only!! ( Gotta send in the information form, to get an accurate quote.)
Nothing mentioned about expenses, for providing this service.
What did I miss? Other than the fcct, that I shell out a bundle up front and receive a pittance monthly, for the rest of my life? If, I live 15 years and IF, I paid
for a $20,000 annunity, I would have received a maximum of $21,960, in benefit payments.
Seems like, you could put $20,000, under a rock, for 15 years and make more than$1,960.00. Get my drift?? I'd appreciate any comments! Thanks!!
J.D (Sundance Kid)