Million Dollar Shootout: Payout Options

Did you know that there are various forms of payout options available with a Million Dollar Shoot-Out policy through Hole In One International?

Annuity Information.The first and most popular option is a 40-year annuity.  The 40-year annuity option means that the $1,000,000 prize will be paid out over 40 years ($25,000/year for 40 years) should there be a hole in 1.  When it comes to pricing out a Million Dollar Shoot-out quote, a 40-year annuity will land you the cheapest price possible.

The second most popular option is a 20-year annuity.  With a 20-year annuity, the $1,000,000 prize will be paid out over 20 years ($50,000/year for 20 years) in the event of a hole in 1.  Please note that this Million Dollar Shoot Out payout option is more costly than a 40-year annuity due to the fact that a larger sum of money will be paid out to the acemaker each year.

Hole In One International also offers 10-year & 30-year annuities as well.  While the 10-year annuity option is the most costly, it also allows for the maker of the hole in 1 to be paid $100,000/year for 10 years!  Not too shabby!

It is important to note that any prize value over $250,000 will be in the form of an annuity.  Want potential acemaker(s) to win cold, hard cash all in one lump sum instead of payments?  Then be sure to insure a prize that’s $250,000 or below!

For quotes on a Million Dollar Shoot Out policy or any type of hole in one coverage, please contact one of our contest consultants at 800-827-2249 or email us if you have any questions!  Holding a Million Dollar Shootout guarantees that your next golf tournament will be one to remember!

Categories: Golf Tournament Coverage, Million Dollar Shootout Insurance

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