An annuity check arrived every month for nearly 40 years. Then it ‘just disappeared’
April 24, 2019 by Sean P. Murphy
Before her death, Marjorie Kiernan gathered her two grown daughters and told them she had funded annuities for each of them.
It was a clever and much appreciated way for Kiernan to connect them to her memory for the rest of their lives.
That was nearly 40 years ago. And until recently, on the first of every month, Denise Lettvin received $59.76 directly deposited into her checking account.
Her annuity was supposed to go on for as long as she lived. That’s how annuities work.
But last year it stopped, without a single word from the insurance company that managed it, John Hancock.