Any Bankers on here?
Some of my Senior Single friends purchase RV's on the "Thousand dollars down and twelve years to pay it off" plan. My question is, "What happens when they expire three years into the twelve year co...
Forum Discussion
Bumpyroad wrote:The value according to the OP scenario is to hit the end totally broke and never fully pay for the RV. To maximize your monthly annuity payment there would be no residual. It would be a risk you take but you would never run out of money. If you want to leave some money you can buy some life insurance that is paid direct to the beneficiary and does not get mingled in the estate.
if a "life" "DOH" annuity ends with death, it provides no real value in this situation. I thought that some of them had a minimum that they would yield however, so there could be some excess which would be lost???
bumpy
