Statement from Annuity Company

Discussion in 'Countable Income' started by Jandy, Aug 14, 2015.

  1. Jandy

    Jandy Jr. Member

    I am applying for A&A for my veteran father...

    Dad has a very small annuity. I believe the most recent fair market value is around $75,000....HOWEVER, it is irrevocable. He can't get at this money except for the small monthly payout: $535 per month.

    Any thoughts on how the VA will view this?.......I assume I need a letter from the annuity company stating it's irrevocable. Is there set language I should ask the annuity company to use, any buzzwords the VA likes to see?
     
  2. vetadmin

    vetadmin Administrator Staff Member

    You need to show the monthly income from the annuity along with his other sources of income.

    You should be able to include a copy of the certificate that shows that it is irrevocable.
     

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