If it’s a 10 year guaranteed annuity, if you died before you are 73, your spouse would only get the amount that would have been paid through the ten yers and the rest will be forfeited, however, if you lives to be 93, you will receive lots more than it is now if it’s a lifetime annuity. It will be steady income you can count on every month though. Make sure the payout interest rate is over 7 or 8%.
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