I hear that lump sums paid every few years with life annuities are also popular. Why?
Clients often like to divide their money into two parts. For example, you may choose a life annuity that pays $2,500 per month plus a $50,000 lump sum every five years. The monthly payment can be used for general living expenses. The lump sums can then be used for planned events such as vacations, a down payment on a second home, educational expenses or investments.
