Connecticut resident wins $365k annual annuity with winning scratch-off
Stamford Daily Voice (CT)
After buying a top-prize winning ticket, one lucky Connecticut resident will receive $365,000 a year for the rest of their life.
The first top-prize-winning Lucky for Life ticket to be sold in 2023 was purchased in Fairfield County at Byram Smoke Shop in Greenwich at 111 Mill St., according to Connecticut Lottery.
The winning numbers were drawn on Saturday, March 4: 4, 7, 15, 17, 30, with a lucky ball of 5.
Being a "For Life" prize, the winner, whose name was not released, will receive at least 20 years' worth of guaranteed annual payments, although the payments could last longer depending on how long the winner lives.
If the winner chooses the annuity prize option, the minimum guaranteed amount that they could receive is $7.3 million. The top-prize "Cash Option," though, is worth $5.75 million.
Former NFL player indicted in Texas for health insurance fraud
As Catastrophic Storm Costs Rise, Could Mandatory Flood Insurance Help?
Advisor News
- Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
- Why client insurance needs could change even if their life doesn’t
- Most Gen Z investors think less than a year ahead when making financial decisions
- IRI pitches retirement agenda to Jeffries as democrats shape affordability platform
- Help child-free clients plan for their later years
More Advisor NewsAnnuity News
- Guidance, bulletin or reg? NAIC debates form of annuity illustration update
- Nationwide adds mutual fund-linked strategy to New Heights Select FIA
- NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
- NAIC working group pressed to accelerate annuity illustration overhaul
- State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
More Annuity NewsHealth/Employee Benefits News
Life Insurance News