Rhonda A. Colia likes to write fact-based stories based on real-life truths. She educates while she entertains, and this particular story is close to her heart. She is a retired insurance agent, stockbroker, and mortgage broker. Years ago, her mother died suddenly, and the pension she'd spent over a decade building ended immediately and without warning. When she inquired about it, she was told it was invested in a 'straight life annuity and that when the owner died, the insurance company was legally entitled to all the remaining monies... not a beneficiary! She knew of this annuity practice but didn't know her mother had agreed to it. This practice continues to this day. This annuity option pays out the greatest regular installments, but the question must be asked, 'is it worth it?' when only the insurance company inherits the remaining money... no matter the amount.
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