Medicare Supplement Store Blog
Having annuity insurance can be beneficial in terms of securing one’s future during old age. It will help the recipient continue to receive money even if they lose their jobs or end up retiring because of their age.
However, one can ask if someone else can apply for annuity insurance for particular beneficiaries such as elderly parents or disabled children. The short answer to this question would be yes. You, as your parents’ progeny, will be able to apply for annuity insurance on their behalf.
You need to follow a few simple steps as listed below.
It would help if you always kept these truths in mind when making your elderly parents' annuitants. Just make sure that you are of legal age and get all the necessary documents prepared before doing this.
It would be best if you also got competent people to help you out with the process. Everything else will follow after that.
At Medicare Supplement Store, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (732) 252-8828. You can also request a free quote by CLICKING HERE.