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To: Cletus.D.Yokel
IF you take the lump sum. At this level of reward, one is always more prudent to agree to the state-driven annuity.

You can't guarantee that the state lottery commission or the insurance company that issues the annuity will ever fulfill their promise. Only a fool would trust a state entity or an insurance company on a promised future payment that large.

13 posted on 01/28/2016 12:18:19 PM PST by DCBryan1 (No realli, moose bytes can be quite nasti!)
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To: DCBryan1

The million dollar winner on America’s Got Talent gets $25,000 a year for 40 years.


29 posted on 01/28/2016 1:09:36 PM PST by AceMineral (One day men will beg for chains.)
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To: DCBryan1; Cletus.D.Yokel
You can't guarantee that the state lottery commission or the insurance company that issues the annuity will ever fulfill their promise. Only a fool would trust a state entity or an insurance company on a promised future payment that large.

DING, DING, DING!

You hit the nail on the head:

Lottery winners in Illinois get IOUs for prizes over $600

Mark

43 posted on 01/28/2016 6:10:47 PM PST by MarkL (Do I really look like a guy with a plan?)
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