Have a Life/health client that called me to discuss annuities. She has about $100K in cash and wanted to put at least half in an annuity. She doesn't work, and has no income. She is drawing a minimum of $1500 a month out of this cash bucket just to pay her living expenses, and sometimes more..I told her that we needed to wait, until she began drawing SS, before discussing an annuity again.
IMEO, I didn't think that an annuity for her was suitable, but curious if any of you that write a lot of annuities would have done it.
IMEO, I didn't think that an annuity for her was suitable, but curious if any of you that write a lot of annuities would have done it.