What Is The Difference Between The Cash Option And The Annual Payment Option For Florida Lottery Prizes?

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Q: What is the difference between the cash option and the annual payment option for Florida Lottery prizes? A: For those who choose, when they win the lottery especially when it’s a long number, they can just take it annually. It can be paid out to them for so long as they live and so long as that prize is still in existence. If something happens to that winner, it would go to their heirs. Most people, and I mean the vast majority of people, Read More +

Do I Need New Insurance Policies After Winning The Florida Lottery?

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Q: Do I need new insurance policies after winning the Florida Lottery? A: After you’ve won the Florida lottery, really all your insurance policies should be reviewed for adequate coverage. So certainly your car insurance coverage should be increased, depending on what you already currently have, also property insurance. You can also get an umbrella, a $1,000,000 umbrella, on top of both your car insurance and homeowner’s insurance. And also, health insurance, some people don’t have health insurance, and if not, you certainly can afford Read More +