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

Jan 10, 2023

Blueprint Income Team

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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Blueprint Income Team

We are a team of finance, insurance, and actuarial professionals working to make it easier for everyone to achieve a steady and comfortable retirement. We write about annuities (the good and the bad) and provide strategies to help Americans prepare for retirement.

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