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I don't know all of the details of it yet. It was set up while my father was still alive and my mother is unfamiliar with it. Unfortunatly, I live 3,000 miles away from her. She's going to get out the papers for me when I visit home next month.

The way I was told, it was set to annuitize when she reached 85 years of age. She complained to her fianancial advisor, so he had it lowered to 80, which still isn't satisfactory to her. Her financial advisor has since died.

I will be meeting with the new advisor and my mother when I am home and want to gain some insight on options open to her, before the meeting.
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