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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