Letters to the Editor
To the Editors:
There is an error in a June 2008 AAII Journal article under the cons section for immediate annuities [Offbeat Offerings: Immediate and Income Annuities, by Cara Scatizzi]. The article states that As soon as the annuity holder dies, payments are stopped regardless of how many years might be left in the original contract. However, term annuities or life with period certain annuities do pay heirs if death occurs within the stated term.
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