An insured annuity can enhance your retirement income, while
still leaving an inheritance for your beneficiaries.
Not exact matches
For example, you might wish to
leave a sizeable
inheritance but
still allow yourself to dip into your funds should you outlive your plans.
She and my grandfather lived in a trailer park during retirement to minimize their monthly expenses, and when my grandpa died at 88 and later my grandma at 90, they
still had a enough money
left to give a small
inheritance to their nine children.
If they are not concerned about
leaving a large
inheritance they could easily spend $ 100,000 and
still leave an estate of about $ 2.2 million.
Even if your partner didn't
leave a will, thanks to something called the «right of survivorship», the property would
still go entirely to you although the above
inheritance tax rules would
still apply.
Life insurance is for all sorts of people, and those with a high net worth can
still benefit from it to
leave an
inheritance or donate to charity, as long as they make some special considerations along the way.
It's also a good option if you plan on spending your retirement savings in your golden years and
still want to
leave behind an
inheritance or money for final expenses.
Finally, another benefit of a life policy is the ability to spend the money you've saved over a lifetime and
still be able to
leave your heirs an
inheritance.
So if, for example, you've
left money to your ex-partner's family, they would
still receive that
inheritance if you died without having a new will.