Single Premium Immediate Annuity (SPIA)
Dude, with ALL due respect, PLEASE talk to a financial advisor. Trust me, it’s worth whatever it costs.
You’re asking for trouble seeking advice like this on a gun forum.
There is a larger picture of YOUR overall situation that needs to be considered.
The real answer is it may be good, it may not and I don’t think you should divulge the type of personal information on this forum necessary to make the right call.
There are solid dudes on this forum who know a lot about guns. Some may also know finance, like myself and I too have a financial advisor who I trust. He knows everything about my financial situation and makes good choices for MY situation.
Annuities can be an important part of a portfolio, I own several, depending on your specific situation, age, risk tolerance, tax bracket etc.........Lots of variables, including your wife.