What will we be covering in this review?In this review of the New York State Blind Annuity Program for Veterans, we will be going over the following information:
- What the program is
- How it works
- Who is eligible
- Income benefits that are offered
- How to apply
Annuities can be complex. That’s where having an Annuity Investigator who loves math comes in. We make the complex, simple.Today, one of the biggest concerns on the minds of retirees is running out of income while they still need it. With longer life expectancy, savings and income will oftentimes need to be stretched out for 20 or more years. In the case of U.S. wartime Veterans, there are various programs available to assist in paying for living expenses and other financial needs in retirement. One such benefit is the New York State Blind Annuity Program. We will be reviewing this annuity for Veterans here so that you know what you can anticipate from the program, as well as whether or not you (or your spouse) is eligible, and how to move forward with the application process.
Annuity and Retirement Planning Information You Can TrustIf this is your first visit to our website, then please allow us to welcome you here to AnnuityGator.com. We are a team of experienced and knowledgeable financial professionals who focus on providing highly informative and unbiased annuity reviews. While you may have noticed other similar websites on your quest for annuity information, we’ve actually been offering annuity product reviews for many years – far longer than most of the other copycat sites. (Although, it has been said that imitation is the highest form of flattery.) Unfortunately, rather than present you with all of the pertinent details about the annuities that they’re marketing, these websites would rather just highlight the good features, in order to get you to provide your contact information. Yet, as appealing as some of these claims may be, you absolutely, positively need to know both sides of the story when it comes to annuities. Our annuity reviews will offer you information regarding the good and the bad, which in turn, can allow you to make a much more informed decision as to whether or not an annuity or annuity program is right for you. So, if you’re ready to learn more about the Blind Annuity Program for Veterans through the State of New York, let’s go ahead and dive in!
The New York State Blind Annuity Program at a Glance
|New York State Blind Annuity Program (for Veterans)
|Type of Program
|Annuity / Retirement Income Program
Opening Thoughts on the New York State Blind Annuity ProgramVeterans in the United States are eligible for a wide range of healthcare and financial benefits. These benefits may be provided through the Federal government and/or the individual state where they reside. The Blind Annuity Program benefit is for legally blind wartime U.S. Veterans – or their surviving un-remarried spouses – who live and are domiciled in New York State. Income from the annuity is paid out in monthly benefit increments. The monthly rate in 2020 is $121.93. Prior to the income benefit starting, an approved applicant will receive a letter from the Division of Veterans’ Services. While applicants can sometimes take up to two months to be processed, the income payments from this program are effective and retroactive to the date that the application was received by the New York State Division of Veterans’ Affairs.
Before we get into the gritty details, here are some legal disclosures we need to provide…This is an independent product review, not a recommendation to buy or sell an annuity. The New York State Blind Annuity Program has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. This review is meant to be an independent review at the request of readers so that they may see our perspective when breaking down the positives and negatives of this particular annuity. Prior to purchasing any type of investment or insurance product, it is important that you do your own due diligence and that you consult a properly licensed professional if you should have any specific questions that relate to your individual circumstances. All names, marks, and materials that were used for this review are the property of their respective owners. For more details on how you can compare annuities so that you can determine which one may be right for you, click here to instantly download our free annuity report.
How New York State Describes the Blind Annuity ProgramThe New York State Blind Annuity Program is described as a benefit that is available for legally blind wartime Veterans or surviving un-remarried spouses of legally blind wartime Veterans, who live and are domiciled in New York State.
Who is Eligible for the Blind Annuity Program in New York State?Although the cause of a Veteran’s blindness does not have to be service-related, a qualifying Veteran must be a New York State resident and domiciliary who is determined to be legally blind – which is deemed as having 20 /200 vision in the better eye with best correction, or 20-degree limitation of field of vision. The Veteran also must have served on active duty during specific wartime periods or received an expeditionary medal for certain conflicts. Generally, the Veteran must have served at least 90 days of active duty other than training purposes. (But fewer than 90 days active duty is acceptable if the Veteran was discharged for a service-connected disability.) In order to prove New York State residency, a Veteran or an un-remarried surviving spouse of a Veteran must submit a copy of one authoritative document. These may include:
- A New York State driver’s license
- A New York State non-driver ID card
- A voter registration notification card
- Current utility bill (such as electricity, water, cable TV, etc.)
- Proof of a current mortgage
- Residential lease that was issued within one year of the current date
- Property tax or school tax bill (or receipt for the current year)
- Assisted living facility or nursing home statement
- Federal or New York State income tax W-2 form
- Federal or New York State tax or earning statement
- Any other official document that shows the applicant’s current status as a New York State resident