Chapter 17. Annuity death benefits
“They say such nice things about people at their funerals that it makes me sad that I’m going to miss mine by just a few days.” | ||
| --Garrison Keillor | ||
Whoopee! You die. You win. This concept is hard enough to comprehend when it comes to life insurance, but when it comes to annuity death benefits, it is even harder to make sense of, particularly if you read the fine print.
The death benefit found in a fixed annuity is actually pretty straightforward, as are most fixed annuities themselves. Many people consider fixed annuities as a conservative investment, much like a Certificate of Deposit that you would purchase at a bank. Like a CD, with a fixed annuity, you purchase the annuity from an insurance company, and the ...
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