Part 3 of 4
One life or both: what does the spouse keep?
A joint plan pays while either spouse lives. It usually pays less each year than a plan on one life.
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Ask your client: is this plan for you alone, or for both of you? Get both ages as of today.
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Open a new chat. In ChatGPT Work, type @ and pick Annuities Genius. Paste the case.
Using Annuities Genius: I'm paid by commission. My clients are a married couple in Texas. He is 63 and she is 61 today, with $300,000 in an IRA rollover. They want income starting when he is 66. Show the 3 best options for both of them. Then show the 3 best for him alone. Give the yearly income of each. Check each product's sales channel in its details, not its name, and flag any fee-based (Advisory) product. Tell me what the quote does not say about the surviving spouse. I decide.
Date every figure. Mark every figure you worked out yourself. If you cannot reach Annuities Genius, say so and give no figure.
Select the text and copy it.
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The quote may not say what the survivor keeps. Confirm it with the carrier.