Brad Rhodes: Who gets money from your annuity if you die?

October 31, 2022 by Staff

Brad Rhodes: Who gets money from your annuity if you die?

If you buy an annuity and die, the insurance company keeps your money. We have all seen and heard that broad statement. Is it true?

No.

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Wink’s Note: While this is true about deferred annuities, it is not true of income annuities. That is a trickier discussion, based upon the payout option selected. – sjm

Originally Posted at InsuranceNewsNet on September 12, 2022 by Staff.