With the annuity you have to rely on the lottery company staying in business (not being shut down for fraud etc) and making those payments (do the terms and conditions conti ue the payments if you die? That could be decades of filing estate returns and paying inheritance taxes). If you are older and don't know that you have 20 plus years, it could be tempting to get as much as you can now and see that your family is taken care of when you are alive.
I would take the annuity and then buy one fucking large life insurance policy and not worry about it, but I am young enough and disciplined to not blow the money on dumb shit.
With the annuity you have to rely on the lottery company staying in business (not being shut down for fraud etc) and making those payments (do the terms and conditions conti ue the payments if you die? That could be decades of filing estate returns and paying inheritance taxes). If you are older and don't know that you have 20 plus years, it could be tempting to get as much as you can now and see that your family is taken care of when you are alive.
I would take the annuity and then buy one fucking large life insurance policy and not worry about it, but I am young enough and disciplined to not blow the money on dumb shit.
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