10th Fixed Indexed Annuity Benefit Powerful Beneficiaries by You! Another advantage to these annuities is POWER, YOU have the POWER to designate anyone as a beneficiary. No leaving the money to your heirs and let them divvy it out (that can get complicated), the companies will figure the amounts on your behalf and send the shares directly to whomever you designate as the recipient. The power of ‘Children in equal shares as per stirpes’ beneficiary election – This designates your children, their children, their children’s children and so forth to receive the benefit of your annuity. So if you have 3 children and one of them unfortunately passes before you do, in the event of your passing their (Your childs) share will be divvied to their surviving children. By-pass probate – SCARRY!!! No one wants their heirs to have to go through this process. Did you know the typical probate period in our surrounding area is 15-18 months, freezing the distributions of some assets during the proceedings! As always if you have any questions or would like more information please contact us either by stopping in the office or call us at 882-3680!
Posted on: Wed, 31 Dec 2014 17:12:33 +0000
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