Death Benefits and Annuities: Tips and Hints

Annuities are contracts with written contractual provisions which include benefits paid to a named beneficiary. In the event of the annuitant (a person) dies, the proceeds from an annuity are passed to the beneficiary. The beneficiary can be a person or persons, a trust or an organization. If the annuity names a beneficiary, the funds are paid without the need of probate.

By |2020-04-13T20:20:34+00:00January 28th, 2019|Annuities, Annuities 101|