At What Point Does the Beneficiary to an Annuity Acquire Rights?

Published August 5, 2019

The beneficiary to an annuity acquires rights upon the death of the owner. In most cases, the beneficiary will receive a lump sum cash refund of the contract, although, with certain annuity contracts, the beneficiary can take over the policy as the owner for the remainder of the term. Annuities typically avoid the probate process when there is a named beneficiary.

If you recently acquired the rights to an annuity as a beneficiary, please feel free to contact our team at [email protected] with any questions.

If you’re interested in reading more, here are several articles that provide overviews of different types of annuities. 

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Kristin Foresti

Kristin Foresti

Financial Planning Professional

Kristin is an expert in fixed and income annuities and knows the ins and outs of most of the products on the market. She is the primary contact for Blueprint Income customers with questions about building income and growing assets.

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