Annuity Needed

DRJCBPA

Expert
78
83 year old female with 4 children. She needs current income but does not want to leave the $ with the company when she dies. Something creative, save, with a quality company. $250,000
 
What kind of income? Why not a SPIA with a life with installment refund?

At the moment I can't remember if she's too old for some of the GMWB riders at the VA companies. JNL has a GMWB with a return of premium death benefit for the entire original premium so long as there is $1 left in the account on the day she dies. But can't remember what age they stop this. Might be 80. might be 85.
 
83 year old female with 4 children. She needs current income but does not want to leave the $ with the company when she dies. Something creative, save, with a quality company. $250,000


Give me a call, I think I have an idea for you. Quality carrier Full Accumulated Value upon Death $17,500/annual income based on the 250K premium. And most importantly, the client can start taking income Day 1 and not having to wait 1yr.
[email protected] 877-257-8246
 
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