I'm glad that the information provided was helpful.Wow, Stinky, this is fantastic information. I'm so grateful for your time and expertise.
In addition to requesting the current info, I've asked her to schedule a call for me to speak with the financial advisor so I can get some questions answered. I will have more questions for you once I know the current numbers and have a better feel for the situation.
Feel free to get in touch with the financial advisor. Be cautious, as he might try to lay the groundwork to sell her something else.
However, I'd suggest also making direct contact with Brighthouse, because they will have better information on items such as the monthly income she could receive by activating the GMIB, precisely what happens to the additional death benefit if she makes a partial withdrawal, and the tax basis of the annuity. If you ask the advisor those questions, I expect that he'd need to get that information from Brighthouse anyhow. I'd rather hear that technical information directly from the horse's mouth, to reduce the chance of mis-communication.
Brighthouse could also point you to how to activate on-line access to her policy.
Please post back as you have additional thoughts about what to do with this annuity.
Statistics: Posted by Stinky — Tue Nov 26, 2024 4:48 am