Are there any flexibilities or variabilities in the
annuity payment stream, such as increasing the payments over
time?
The trust may issue more than one annuity to the
annuitant at the outset. For example, maybe the
annuitant needs an extra $1,000 a month until retirement,
and then needs more. In that case the trust could issue
two annuities. The first would be immediate and be
based on just enough exchange property value to pay $1000
per month. The second annuity would be deferred to
retirement age and would be based on the balance of the
value of the exchange property. Another flexibility is
that the annuitant might go to a bank or other lender and
pledge his/her annuity payment stream to receive a loan in
the needed amount.
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