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@boastnmyweakness Unfortunately, insurers charge much higher premiums at your age. Best thing to do is get a broker and ask them for multiple quotes. After that, review it each year and ask for lower premiums. Just remember that insurers often give a much lower premium, but with a much higher...

@digitalsoldier0 No problem, and best of luck!

(For context, my mom was a language editor and did freelance editing jobs)

@digitalsoldier0 May I ask what job your mom does? My mom had slightly low retirement savings, so she did some freelance work for a few years before cashing out her savings. She didn't earn much, but enough to sustain herself and her house etc was paid off. Also, she got to choose her own work...

@farmergal Keep that remaining 30k for when you move - it's a lot more expensive than people realise

@jrm62 I agree with this comment. Tell your mom to shop around and get different financial advisors to give her quotes from different FSPs. The life annuity (or fixed annuity) might be the best option, given her low savings. Sorry for being the bearer of bad news

@ruien2 If you have a financial advisor, contact him/her. That's the easiest way to get these docs