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My mom has an anuitized annuity. I'm wondering if this account can be closed so she can use the money to pay rent and utilities?

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Thank you Ashley
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Hello Lighthouse,

Here are a few links to some articles and questions that have already been answered within our community that may be able to answer your caregiving question as well.

https://www.agingcare.com/articles/using-annuities-to-qualify-for-medicaid-154237.htm

https://www.agingcare.com/questions/mom-cash-in-second-annunity-2-years-before-maturity-date-and-accept-penalties-165349.htm

Hope this helps.

Best Regards,

Ashley T.
The AgingCare.com Team
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Talk to the company holding the annuity. They can give you other options.
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