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Guest
Guest
81 yr old female (single, owns home) type2 diabetes and aneurysm w/ 53 yr old healthy son (single, no children) sold some property for 750k, paid 250k in cap gains, has 500k left invested in CDs @ 4% and taking interest at 2k/mo., will leave balance to son at her death.
My question is: what is the best way to put them into a better/best position via life insurance or fixed annuities, while maintaining her goal of drawing 2k/mo. while living, and leaving the balance (principal) to her son at death.
Be as general or specific as you want, I love to learn...
Thanks in advance!
My question is: what is the best way to put them into a better/best position via life insurance or fixed annuities, while maintaining her goal of drawing 2k/mo. while living, and leaving the balance (principal) to her son at death.
Be as general or specific as you want, I love to learn...
Thanks in advance!
