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Our Financial Planner was investigating changes to our Income Generating Funds following a face-to-face meetimg last week. The change he had initially suggested was put aside due to insufficient 'bang for the buck', then another change popped to the forefront.
We were able to change Underwriters, change from Single Life (me only) to Group Life (wife and I), retain the Lifetime Guarantee on payments, and receive a nearly 20% increase in the monthly benefit payable to us
Maybe it is the result of 2023 being a banner year for Wall Street, maybe the former Underwriter was not as efficient, maybe it is because we bought the old plan 15 years ago- long before retirement, or maybe it was a combination of other factors. Regardless, ask your Advisor if things have changed such that a different product will serve you better
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
