Thread bump… Clark talks about (cussing) annuities again!
So, if I understand correctly, without the ROP any heirs would get nothing but with the ROP the heirs will on get the principle and not principle plus earning? Wouldn’t the principle earn more outside of the QLAC?
The point of a QLAC, like Social Security, is that it’s a known income stream that you can’t outlive. Can you earn more in the market? Maybe, maybe not. What’s the stock market going to do the next decade? The research I follow suggests it’ll be weak, with lots of volatility. That’s not what a retiree needs for all of their assets. QLAC is a bond substitute.