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An annuity must have an annuitant. That’s an individual whose life expectancy the annuity is based on.
Whose life expectancy would the annuity purchased with the $6 billion from the sale or lease of the Illinois Lottery be based on, the governor’s? What annuity company will guarantee $650 million per year through 2024 from a premium of $6 billion?
The governor has left a lot of unanswered questions.
