If you don’t want to cut into your principle it will have to be a variable annuity but it will depend on the state you are in. There are a lot of more factors, like age of the person, need for liquidity and others but for example in my state you can get a guaranteed 6% or 500.00 a month on that amount. You better make sure they have other assets or you are wasting your time.

If you don’t want to cut into your principle it will have to be a variable annuity but it will depend on the state you are in. There are a lot of more factors, like age of the person, need for liquidity and others but for example in my state you can get a guaranteed 6% or 500.00 a month on that amount. You better make sure they have other assets or you are wasting your time.