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This feature allows the owner to designate a beneficiary, like a spouse or child, to receive the remaining funds. The payout can take the form of either the entire remaining balance in the annuity ...
When you purchase an annuity, you can name one or more beneficiaries who will inherit it after you pass away. Your annuity beneficiary can be a spouse, child, parent, sibling or another relative.
Some annuity payments end upon the owner’s death, while others offer death benefits.
Annuities can generate income for retirement. However, most annuities also feature a standard death benefit. That lets you pass on assets from the annuity to an heir after your death. If you have ...
For example, choosing a life annuity with a 10-year period certain means your annuity will pay you for life, but if you pass away after five years, your beneficiaries will receive payments for the ...
A contingent beneficiary receives a benefit if one or more of the primary beneficiaries is unable to collect (perhaps because of death). In the event that a primary beneficiary is unable to ...
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