What Happens to Your Annuity When You Die?

Chris-Magnussen-19-What happens to your annuity when you die

In this video, Chris Magnussen explains that what happens to your annuity after you die depends on the type of annuity you own, noting that some include death benefits while others do not.
Video Transcript
I'm often asked when it comes to annuities, you know, what happens upon my passing? And that really is dependent upon the type of annuity that you purchased. Some annuities, like immediate annuities, some will offer death benefits and some do not. So it's important to understand and to make sure that your agent is aware of those things that are important to you. So that they find the right solution.