Retirement Income

Do Immediate Annuities Have Beneficiaries?

An immediate annuity can have beneficiaries as long as you elect to include a refund at death (a.k.a. a cash refund or death benefit) or a certain period (number of years where payments are guaranteed even if the annuitant has passed away). For immediate annuities purchased with a refund at death, the beneficiary will receive &hellip; <a href="https://www.blueprintincome.com/resources/retirement-income/do-immediate-annuities-have-beneficiaries/">Continued</a>

Retirement Income

What Happens to an Immediate Annuity When You Die?

If you have an immediate annuity and pass away, the contract will terminate unless you include a death benefit (a.k.a. a cash refund or death benefit) or a period certain. Including the death benefit ensures that a beneficiary receives the premium paid less any income payments the owner had received prior to death. Even if &hellip; <a href="https://www.blueprintincome.com/resources/retirement-income/do-immediate-annuities-have-beneficiaries/">Continued</a>