No. of Recommendations: 1
The Charitable annuity might have the problem that you estimate 20 years of life left and then live 25 years.


Morning Vicki,

The wonderful thing about an annuity is that if the insurance company underestimated the life span, that is OK as some annuities are designed to provide income until death. If they estimate 20 years and we live 25, BONUS, additional income. Still, annutities have problems in high fees and commissions and of course you are placing a bet on life expectancy where the odds are in the favor of the insurance company - meaning the odds are against the individual holding the annutity.

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