HOW WILL ANNUITIES THAT I HAVE PAYABLE ON MY DEATH TO MY CH

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Posted: Sun Mar 01, 2009 7:10 pm Post subject: HOW WILL ANNUITIES THAT I HAVE PAYABLE ON MY DEATH TO MY CH

HOW WILL MY ANNUITIES BE AFFECTED IF I USE ALL OTHER FUNDS FOR LONG TERM CARE. THESE ANNUITIES ARE PAYABLE ON MY DEATH FOR MY CHILDREN

LRYLE2001

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Joined: 01 Mar 2009
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Posted: Mon Mar 02, 2009 11:42 am Post subject:

Well, I guess it would depend upon the terms chosen by you in the annuity policy. If you have opted for an option that would return the purchase price of the policy to the beneficiary (your children in this case) after the death of the annuitant, they would receive it after your death. _________________ Register Now to have your Insurance queries solved.

anonymous 12

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Posted: Mon Mar 02, 2009 1:16 pm Post subject:

Hi, I didn't quite get what sort of funds you're talking about! Are you pointing at the interests accumulated on savings annuities? Please lemme know whether you have a savings annuity or an income annuity. _________________ Register Now to have your Insurance queries solved.

anonymous00

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Posted: Tue Mar 24, 2009 10:41 am Post subject:

Hi LRYLE2001, I didn't quite get your Query. Annuities & LTC (long term care) are two different types of category. I think you are referring here fund being money portfolio, correct? Please elaborate your query little bit more.

WALLE

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Posted: Wed Mar 25, 2009 6:31 pm Post subject:

Are you asking if your annuities are safe if you spend the rest of your assets on your long term care?

ChrisBantly

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Posted: Thu Mar 26, 2009 5:10 am Post subject: hi

YOUR ANNUTIES ARE SAFE EITHERWAY AND YOU DEFFINETLY GET IT OR YOUR CHILDREN MIGHT GET IT IT DEPENDS UPON THE PLAN YOU HAVE CHOOSEN

akhilesh

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Posted: Thu Mar 26, 2009 9:25 am Post subject:

akhilesh, >YOUR ANNUTIES ARE SAFE EITHERWAY Did you understood what LRYLE2001is trying to ask. Please explain me too dude. And how annuities are safe eitherway ?

WALLE

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Posted: Fri Mar 27, 2009 11:30 am Post subject:

Okay, it doesn't matter whether its a guaranteed annuity or index annuity. Why would annuity income be affected for the long term care? I think we haven't asked a very important question to our OP yet.....how exactly he is planning to pay for the long term care. Further, how old is he? Does he have a long term care policy? Is this a hypothetical situation or he is into the predicament already? IMO we need to find the answers to these questions before making suggestions to him. _________________ Register Now to have your Insurance queries solved.