rahulpatwari -As you have outlined you mother'sd position as needing neither a lump sum or income now, she could postpone cashing the annuity, allowing more tax deferred growth. If it is a variable annuity it has a number of investment options, including a "fixed interest" account that might be suitable for a no/low risk person to use for the funds. Why don't you meet personally with a representative from the insurance company for educational purposes. Have the rep explain all the options the ramifications of each. Then mom & you can deliberate on the merits of each course of action armed with complete, detailed info?Best wishes, PP
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