Topic: Annuity
Information regarding Claim Numbers connected with Railroad Retirement
What Is a Reverse Mortgage? A reverse mortgage is a loan. A homeowner who is 62 or older and has considerable home equity can borrow against the value of their home and receive funds as a lump sum, fixed monthly payment or line of credit. It does not require the homeowner to make any payments. […]
An annuity gives the right to receive fixed, periodic payments either for life or a term of years. The annuity instrument must be examined to determine the provisions and requirements of the annuity and whether the individual can access the principal. Annuities purchased prior to February 1, 2005 If it is determined that the […]