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Annuity death benefits. An annuity’s death benefit guarantees a payout to a designated beneficiary after the owner passes away. However, the specifics of this benefit can vary depending on the ...
Some annuity payments end upon the owner’s death, while others offer death benefits.
What Happens to an Annuity When the Owner Dies? tax rate on an inherited annuity. ... The tax rate on an inherited annuity is determined by the tax rate of the person who inherits it. If you ...
A guaranteed annuity or life and certain annuity, makes payments for at least a certain number of years (the "period certain"); if the annuitant outlives the specified period certain, annuity payments then continue until the annuitant's death, and if the annuitant dies before the expiration of the period certain, the annuitant's estate or ...
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