annuity

It is exceedingly difficult for insurance customers to know if the money they put away in a policy or annuity has been shifted offshore.

It counts more than four million customers and sold more than $41 billion of insurance and annuities last year.

The perks of the contract include an annual $50,000 retirement annuity over and above his salary.

If the winner picks the annuity option, they will one payment immediately and then 29 annual payments, increasing by 5% each year.

A winner who selects the annuity option would receive one immediate payment followed by 29 annual payments that increase 5% each year.