Liberty NationalAnnuity payout

I am 60 years old, and my wife 55. I had a stroke and cannot work. On 9 January 2016, I asked for payout of my annuity and my wife’s annuity which was more than R80, 000-00 for me and more than R70, 000 for my wife. I needed money urgently for medical bills. I was told by the Liberty expert that me and my wife can only get out 13 of the money, and the rest must be re-invested, which he did. I got this following on the internet. "Investors who are 55 and older on March 1 2015 will not be affected – 100% of their fund credit may still be paid out in cash at retirement." Can i get expert advice?

Mar 15, 2016

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