Can an annuitized annuity account be closed so Mom can use the money to pay rent?

Thank you Ashley

Hello Lighthouse,

Here are a few links to some articles and questions that have already been answered within our community that may be able to answer your caregiving question as well.

https://www.agingcare.com/articles/using-annuities-to-qualify-for-medicaid-154237.htm

https://www.agingcare.com/questions/mom-cash-in-second-annunity-2-years-before-maturity-date-and-accept-penalties-165349.htm

Hope this helps.

Best Regards,

Ashley T.
The AgingCare.com Team

Talk to the company holding the annuity. They can give you other options.