Cash-back annuities allow a designated beneficiary to receive payments from the plan in the event of the annuitant’s death, with some plans allowing multiple beneficiaries. This approach avoids legal processes and can provide support for loved ones. Comparing offers is important to find the best interest rates and terms. A cash-back annuity is a type […]
A redemption bond is issued to refinance existing bonds by buying low-risk government securities with the money obtained from the redemption transaction, which is then deposited in an escrow account to pay down outstanding bond debt. The issuer is discharged from debt on those bonds but still has to pay the newly issued redemption bond. […]
