Annuity with annual ratchet death benefit (Voya GoldenSelect Premium Plus)
Annuity with annual ratchet death benefit (Voya GoldenSelect Premium Plus) Can somebody please explain this like I’m 5? The statement says it’s non-qualified with a commencement date of 2049. I’m trying to help my BIL sort through his financial situation. His wife has suffered a stroke and the annuity is in her name. She may live for a long time but will require constant care and has limited speech. BIL does not need t…