Did You Know? You Can Annuitize Your Annuity!
Natasha Herleman • November 8, 2020
Did you know that you could receive payments through your annuity?
Annuitization is when an annuity investment is converted into a series of payments. Annuities can be annuitized for the lifetime of the annuitant or for a certain amount of time. Payments are only available to the annuitant or the annuitant and spouse. Additionally, if specified, the annuitant's beneficiaries are eligible for a portion of the annuity balance upon death.
Remember that at any point in time, even during the penalty period, you can annuitize your annuity. Receive a quote from your agent or the GBU Home Office.
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Since December 2024, donors have contributed an impressive $1,443,000 to
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Legacy giving, also known as planned giving, is a meaningful way to leave behind an impact on the causes and organizations you care about. By incorporating life insurance and annuities into your estate planning, you can maximize the benefits of your legacy gifts, ensuring they are both impactful and tax efficient.