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Life insurance asking us to decide on either a lump sum, deferral, or annuity option for my recently widowed mom.
Life insurance asking us to decide on either a lump sum, deferral, or annuity option for my recently widowed mom. My father had a fixed annuity Allianz policy when he died, and now they are asking my mom to take a lump sum or a 5/10 year deferral of $82K, or an annuity for $108K. My instinct is annuities are usually not a good option, and to just take the lump sum and invest it in an S&P 500 index fund, but am I missing something here? Thanks.
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