Old 09-03-2015, 02:38 PM
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Join Date: Nov 2011
Location: South East Louisiana
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Originally Posted by Flying Bajan View Post
70 years old.

If I understand correctly, and please correct me if I don't, an annuity for the $300k would pay her a monthly amount until her death.

My questions are...(1) how much approximately is that amount ?
(2) what happens to the original $300k after her death ? - she's indicated a desire to leave that for her descendants.

Thanks to all who've responded and looking forward to more info on this daunting subject.
you better make sure you read the annuity's fine print and not take the insurance guys word for it.