How about a blue chip, dividend paying stock. For example:
Altria Group, Inc.: NYSE:MO quotes & news - Google Finance
She can make about 7% on the dividends. And any capital gains will be tax-free to the kids when she dies.
And the dividend income will be taxed at a much lower rate than the interest earned on an annuity.
Altria Group, Inc.: NYSE:MO quotes & news - Google Finance
She can make about 7% on the dividends. And any capital gains will be tax-free to the kids when she dies.
And the dividend income will be taxed at a much lower rate than the interest earned on an annuity.
For 83+ I would look at Americo, LSW, Phoenix Life.
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.
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.
- 1,641
Or a 20-year certain with instructions for the kids to smother her with a pillow if she makes it to 103.
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
