I have a simple estate consisting of some retirement accounts, a little life insurance, an annuity, a bank account, a small investment account, my car and the house I live in..There is a glimmer of hope though. It is possible to cash in your annuity but only if it’s worth less than ,, and only if your provider allows you to do this..Strategies for Caring for Your Beneficiaries with an Immediate Annuity. Written by Hersh Stern Updated Wednesday, Recently I spoke with a visitor to our web site who had been completely put off by the idea of purchasing an income annuity.When I asked why, he said, “Because I need to provide for my kids they come before everything.”.Former Pensions Minister Steve Webb is This Is Money’s Agony Uncle. This week, he replies to a reader planning to sell a . a month annuity when a new market launches next April..
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