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Challenger Guaranteed Annuity

Challenger Guaranteed Annuity

1.0 from 1 review

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Beware of the Trustees Rules

My father had an annuity with Challenger when he died. Rather than follow my father's will Challenger's Trustee decided to split the annuity amongst all of dad's children (from 2 families) even though some had been provided for differently in his will. It cost the estate nearly $20k in legal fees and a letter from all of my father's children from both families before the Trustee decided to comply with my father's estate distribution as defined by his will.
If you decide to take an annuity with this company ensure that you insert a clause that you want the terms of your will followed.

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