L
Lighthouse Asked February 2014
Can an annuitized annuity account be closed so Mom can use the money to pay rent?
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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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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