Yes, most annuities do have value after death, but the amount depends on the type of annuity you own and the choices you made when you purchased it. The real question isn’t whether annuities have value—it’s who gets that value and how much they receive. According to data on annuity ownership, over 2.7 million Americans own annuities, yet many don’t understand what happens to their money when they die.
The problem this creates is serious: without the right type of annuity or the right rider, a surviving spouse or beneficiary might get little to nothing, while the insurance company keeps the remaining balance. This happens because some annuities are pure income products—they’re designed to pay you for life, and once you die, the payments stop. However, you can add features called riders that guarantee your beneficiaries receive a specific amount or that the remaining value goes to them.
What You’ll Learn in This Article
📌 How different annuity types protect or don’t protect your beneficiaries after you die
🎯 The exact value your heirs might receive based on your annuity choice
⚖️ How federal law and the SECURE Act 2.0 changed what beneficiaries can do with inherited annuities
💰 Real-world scenarios showing who gets paid and how much
✅ Specific mistakes to avoid when buying an annuity if protecting your heirs matters to you
Understanding Annuities and Death Benefit Value
An annuity is a contract between you and an insurance company. You give the company money (either a lump sum or over time), and in return, the company promises to pay you income, usually for the rest of your life. The problem is that life annuities without riders stop paying when you die. The insurance company keeps any money that’s left.
Think of it like this: you give a company $500,000, and they agree to pay you $2,500 per month for life. If you die after receiving only 10 payments ($25,000 total), the insurance company keeps the remaining $475,000. This is why understanding death benefits and riders matters so much. Without the right protection, your heirs get nothing, even though your money funded that annuity.
Federal law doesn’t require annuity companies to protect your beneficiaries, but it does allow you to choose protections when you buy the annuity. The Internal Revenue Code allows annuity owners to name beneficiaries, and it provides tax rules for how those beneficiaries handle inherited annuities. However, the default rule is that your heirs get nothing unless you specifically chose a rider or option that protects them.
The SECURE Act 2.0, signed into law in December 2022, made major changes to inherited annuities. Before this law, non-spouse beneficiaries could stretch distributions over their lifetime, paying taxes slowly over decades. Now, most non-spouse beneficiaries must withdraw everything within 10 years, which can create a large tax bill in that final year. This changes the value of an inherited annuity because taxes take a bigger bite.
The Five Types of Annuities and Their Death Benefit Value
Different annuity types treat death benefits very differently. Understanding these differences is essential because they directly affect what your heirs receive.
Straight Life Annuities (Immediate Annuities with No Rider)
A straight life annuity is the simplest but also the most dangerous for beneficiaries. You give the insurance company money, and they pay you a fixed amount monthly until you die. Once you die, payments stop, and your beneficiaries get nothing. This type offers the highest monthly payment because the insurance company keeps any leftover money.
For example, a 70-year-old woman invests $300,000 in a straight life annuity and receives $1,600 per month. If she dies 10 years later, her heirs receive zero dollars. The insurance company keeps approximately $108,000 (the remaining value). This is why financial advisors often say straight life annuities are only appropriate for people with no heirs or people who prioritize personal income over legacy.
Life with Period Certain Annuities
A “life with period certain” annuity guarantees payments for a specific period (usually 10, 15, or 20 years), even if you die. If you die before that period ends, your beneficiaries continue receiving payments for the remainder of the guarantee period. If you die after the guarantee period ends, your beneficiaries get nothing.
For example, a 65-year-old man buys a life with 20-year period certain annuity with a $400,000 investment and receives $2,000 monthly. If he dies after 12 years, his beneficiaries continue receiving $2,000 per month for the remaining 8 years (96 payments = $192,000). If he dies after 25 years, there are no remaining payments to his heirs. This type offers moderate protection—your heirs are guaranteed some money, but only for the protection period.
Cash Refund Annuities
A cash refund annuity guarantees that if you die before receiving payments equal to your initial investment, your beneficiaries receive the difference in a lump sum. This ensures your heirs recover at least some of your original money.
For instance, a 72-year-old woman invests $250,000 in a cash refund annuity and receives $1,400 monthly. If she dies after receiving only 12 payments ($16,800), her beneficiaries receive $233,200 (the difference between $250,000 and $16,800). If she lives long enough to receive payments totaling $250,000 or more, her heirs receive nothing extra. This protects your investment but also means lower monthly payments than a straight life annuity.
Installment Refund Annuities
An installment refund annuity works similarly to a cash refund, but instead of paying your beneficiaries a lump sum, the insurance company continues making monthly payments until your investment is recovered. The monthly amount stays the same, so your heirs receive payments for a longer period.
A 68-year-old man invests $300,000 in an installment refund annuity and receives $1,500 monthly. If he dies after 10 years (120 payments = $180,000), his beneficiaries continue receiving $1,500 monthly until the full $300,000 is reached. That takes another 80 months (about 6.7 years). This type protects your beneficiaries’ total amount but ties up money in monthly payments rather than giving a lump sum.
Variable Annuities and Fixed Index Annuities
Variable and fixed index annuities are investment-based annuities that allow your money to grow based on market performance or specific indexes. These annuities typically come with death benefit riders included automatically or available for an extra fee. The death benefit usually equals the higher of your account value or a guaranteed minimum (often your contributions).
For example, a 60-year-old invests $200,000 in a variable annuity with a 5% annual death benefit guarantee. If the market crashes and the account drops to $150,000, his beneficiaries still receive $200,000 (the guaranteed amount). If the account grows to $350,000, his beneficiaries receive $350,000. This protection comes with higher fees, typically 1-3% annually, but it can provide real value for beneficiaries.
How Federal Law Shapes What Your Beneficiaries Inherit
Federal law sets the basic rules for inherited annuities, and these rules are complicated. The main difference is between inheriting from a spouse versus inheriting from anyone else.
Spousal Beneficiaries Have Special Treatment
When a surviving spouse inherits an annuity, federal law allows them to treat the annuity as their own. This is huge because it means they can change beneficiaries, add riders, or even exchange the annuity for a different one without triggering immediate taxes. They can also roll over the annuity into their own IRA, which delays distributions and taxes even further.
For example, a widow inherits her husband’s $500,000 annuity. Instead of taking distributions immediately, she can roll it into her own IRA annuity. She then continues her life without touching the money, and the account keeps growing tax-deferred. This gives surviving spouses maximum control and flexibility.
Federal tax law, found in IRS Publication 575, explains that surviving spouses can continue the annuity as if they owned it originally. This is the most favorable treatment of any beneficiary type. A surviving spouse can also stretch distributions over their lifetime, though the SECURE Act 2.0 limits other beneficiaries from doing this.
Non-Spouse Beneficiaries Face Stricter Rules
Non-spouse beneficiaries—like adult children, grandchildren, or other heirs—face much tighter restrictions under federal law. The SECURE Act 2.0 created a major change: most non-spouse beneficiaries must now withdraw the entire inherited annuity value within 10 years and pay income taxes on those withdrawals. This is a massive change from the old rule, which allowed stretching distributions over a beneficiary’s lifetime.
This 10-year rule creates a serious tax problem. Imagine an adult daughter inherits a $400,000 annuity from her father. Under the old rules, she could take distributions over 40+ years and spread out the tax burden. Under the new rule, she must take the full $400,000 out within 10 years. If the annuity was traditional (pre-tax contributions), she owes income tax on all of it. If this pushes her into a higher tax bracket, she might pay 32-37% in federal taxes, losing $128,000-$148,000 to taxes.
There is one exception: the 10-year rule doesn’t apply to surviving spouses, minor children (until they turn 21), certain disabled beneficiaries, certain chronically ill beneficiaries, or beneficiaries who are less than 10 years younger than the annuitant. Everyone else must empty the account within 10 years.
State-Level Rules That Affect Inherited Annuity Value
While federal law provides the foundation, states add their own rules that can increase or decrease the value your beneficiaries receive.
Creditor Protection Laws
Many states protect annuities from creditors, which can increase the value your beneficiaries keep. For example, California, Florida, and Texas have strong creditor protection laws that shield annuities and inherited annuities from lawsuits and debts. However, these protections vary by state.
Some states protect annuities from creditors only if the annuitant is also the owner. Once the annuity is inherited, creditor protection may disappear. New York, for example, has weaker protections for inherited annuities compared to California. This means an inherited annuity in New York might be subject to the beneficiary’s creditors, while the same annuity in California would be protected.
States also differ on whether inherited annuities are protected in bankruptcy. The U.S. Bankruptcy Code protects certain retirement funds, but state laws affect inherited non-retirement annuities differently. A beneficiary in Texas might keep a $200,000 inherited annuity in bankruptcy, while a beneficiary in other states might lose it.
State Insurance Regulations
Each state has an insurance commissioner or similar regulator that oversees annuity companies. These regulators enforce rules about how annuity companies must handle beneficiary claims and death benefits. Some states require annuity companies to pay death benefits within specific timeframes (usually 30-60 days), while others have no such requirement.
States also regulate annuity suitability rules, which require salespeople to recommend only annuities that fit your situation. If a salesperson sells you an inappropriate annuity without discussing death benefits, you might have a state law claim against them or the company. This can sometimes help beneficiaries if an annuity was sold improperly.
State Community Property Laws
In community property states like California, Arizona, Nevada, Texas, Washington, Wisconsin, and Idaho, an annuity purchased during marriage is jointly owned by both spouses, regardless of whose name is on it. This affects death benefits significantly.
If a spouse dies in a community property state, the surviving spouse automatically owns half the annuity, and the other half goes through the estate based on the named beneficiary. This is different from common law states, where the named beneficiary controls the entire annuity. A surviving spouse in a community property state gets more protection automatically, even without proper estate planning.
Real-World Scenarios: What Beneficiaries Actually Receive
Scenario 1: The Widow and the Period-Certain Annuity
Maria, age 66, and her husband Juan, age 68, buy a $500,000 joint and survivor annuity with a 20-year period certain rider. They receive $2,400 per month combined while both are alive. When Juan dies after 5 years, Maria becomes entitled to continue receiving $2,400 monthly until they’ve both received payments for 20 years total (15 more years of payments for Maria). If Maria dies before those 15 years are up, their named beneficiary (their daughter) continues receiving the $2,400 payment until the 20-year period is complete.
| Scenario Point | Outcome |
|---|---|
| Initial investment | $500,000 |
| Monthly income (both alive) | $2,400 |
| After Juan dies | Maria gets $2,400/month, then daughter gets remainder |
| Total value to heirs if Maria dies year 8 | $259,200 (remaining 12 years × $2,400) |
| If both lived the full 20 years | Heirs get nothing (investment fully distributed) |
Maria’s heirs are guaranteed to receive significant value because of the period certain rider. Without this rider, the annuity would stop paying when Juan died, and Maria might have few remaining years of life anyway.
Scenario 2: The Father and the Straight Life Annuity
Robert, age 72, invests his $350,000 retirement savings into a straight life annuity because it offers the highest monthly payment: $1,950. He names his son as beneficiary but doesn’t add any death benefit rider. Robert dies 8 years later from a heart attack. His son receives exactly $0 from the annuity.
| Scenario Point | Outcome |
|---|---|
| Initial investment | $350,000 |
| Monthly payment | $1,950 |
| Payments received before death | 96 months = $187,200 |
| Value remaining when died | ~$162,800 |
| Amount son receives | $0 |
| Total family lost to annuity | $162,800 |
Robert’s choice cost his family $162,800. The insurance company kept this money because Robert prioritized his own income over his son’s inheritance. This is the biggest risk of straight life annuities for people who care about leaving money to heirs.
Scenario 3: The Daughter and the Inherited Variable Annuity with SECURE Act Impact
Sarah inherits a $600,000 variable annuity from her mother. The annuity is a traditional annuity (contributions were made with pre-tax money), and Sarah is a non-spouse beneficiary. Under the SECURE Act 2.0, she must withdraw the entire $600,000 within 10 years and pay income tax on it.
Sarah is a high-income professional (earning $150,000 annually). The $600,000 inherited annuity pushes her into the 35% federal tax bracket plus state income tax. She owes approximately $228,000 in federal and state taxes on this inheritance. Her net inheritance is about $372,000 instead of the full $600,000.
| Scenario Point | Outcome |
|---|---|
| Inherited annuity value | $600,000 |
| Tax bracket (federal + state) | ~38% |
| Total taxes owed | ~$228,000 |
| Net amount received | ~$372,000 |
| Loss due to tax consequences | $228,000 |
| Distribution deadline | 10 years (SECURE Act 2.0) |
Sarah loses $228,000 to taxes that might have been avoided under the old rules. Her mother didn’t plan for the SECURE Act 2.0 changes, and Sarah paid the price. If her mother had converted to a Roth annuity before dying, Sarah would have received the full $600,000 tax-free.
The Most Common Mistakes People Make with Annuities and Death Benefits
Mistake 1: Buying a Straight Life Annuity Without Considering Heirs
Many people buy straight life annuities because they offer the highest monthly payment. They don’t realize that once they die, their heirs get nothing. This is appropriate only if you have no family members who depend on you and you don’t care about leaving an inheritance.
If you buy this type and you do have heirs, you’ve made a costly mistake. When you die, your family loses whatever portion of your investment you haven’t received yet. There’s no way to fix this after purchase—the money is gone forever.
Mistake 2: Not Understanding the Difference Between Annuity Types
Many people hear the word “annuity” and think all annuities work the same way. They don’t realize that immediate annuities and variable annuities have completely different death benefit rules. Someone might buy a variable annuity thinking they get a guaranteed death benefit when they actually don’t, or vice versa.
This confusion often leads to costly surprises when the annuity owner dies and the beneficiary discovers they’re getting far less (or nothing) than expected. By the time you discover this mistake, it’s too late to change.
Mistake 3: Ignoring the Impact of SECURE Act 2.0 on Non-Spouse Beneficiaries
Many people still think their adult children can stretch inherited annuities over decades. They don’t know that SECURE Act 2.0 now requires most non-spouse beneficiaries to withdraw everything within 10 years. This creates unexpected large tax bills that reduce the inheritance significantly.
A parent might think they’re leaving $500,000 to their child when the actual net inheritance (after taxes) is only $300,000. The child is shocked to discover they owe a huge tax bill they didn’t anticipate.
Mistake 4: Not Coordinating the Annuity with Overall Estate Planning
An annuity doesn’t exist in isolation—it’s part of your overall estate. If you have significant other assets, an inherited annuity might push your beneficiary into a higher tax bracket. If you don’t coordinate with your will, trust, and other documents, your beneficiary might not have the flexibility to manage the inherited annuity properly.
For example, someone might name their estate as the beneficiary instead of their spouse or children. This forces the annuity through probate and often triggers unnecessary taxes and costs. This mistake can cost thousands or tens of thousands in taxes and legal fees.
Mistake 5: Not Adding Riders That Protect Beneficiaries
Many people don’t add death benefit riders because they don’t understand them or because the rider costs money. They don’t realize that this decision directly affects what their heirs receive. A $2,000-$3,000 rider cost today might save their heirs $100,000+ in lost inheritance.
Some annuities let you add riders that guarantee a minimum return, extend the distribution period, or protect against market downturns. People who skip these riders often regret it when market conditions or health situations change.
Do’s and Don’ts for Protecting Your Beneficiaries
DO: Choose a Period Certain Rider if You Want to Guarantee Payments to Your Heirs
A period certain rider guarantees payments continue to your beneficiaries for a specific number of years. This ensures your family receives some of your investment, not zero. The cost is modest compared to the protection it provides.
DON’T: Buy a Straight Life Annuity if You Have Any Heirs You Want to Protect
A straight life annuity stops paying when you die, and your beneficiaries get nothing. If you care about leaving money to family, this type of annuity is the wrong choice. The slightly higher monthly payment isn’t worth leaving your family with nothing.
DO: Consider a Cash Refund or Installment Refund Annuity to Protect Your Original Investment
These types guarantee your beneficiaries receive at least your original investment (or the difference if you’ve already received some). This protects your family from losing money on the annuity.
DON’T: Make Your Estate the Beneficiary of Your Annuity
When you name your estate as the beneficiary, the annuity goes through probate. This costs money, takes time, and can create tax problems. Name your spouse or children directly instead to avoid these problems.
DO: Talk to Your Spouse About What Happens if You Die First
If you’re married, discuss which annuity type makes sense for both of you. A choice that works for you might leave your spouse in a difficult financial situation. Make sure your spouse understands the death benefits and is comfortable with them.
DON’T: Assume Your Annuity Beneficiary Designation is Still Correct
Life changes—you get divorced, remarried, have children, or have grandchildren. Your beneficiary designation might be outdated. Review it every few years and update it when your life changes.
Pros and Cons: Immediate Annuities vs. Other Retirement Income Options
| Feature | Immediate Annuity | Pros | Cons |
|---|---|---|---|
| Death Benefits | Limited without riders | Riders available; spouse protection possible | Default straight-life pays nothing to heirs |
| Income Guaranteed | Yes, for life | Guaranteed income never changes | Doesn’t increase with inflation |
| Flexibility for Heirs | Low | Non-spouse heirs forced to withdraw within 10 years | Can’t stretch distributions anymore |
| Control | Low | Simple; no investment decisions | Can’t access principal; payments locked in |
| Tax Efficiency | Moderate | Portion of payment is tax-free return of principal | All gains are taxed as ordinary income |
| Inflation Protection | No | Can add rider (costs more) | Fixed payment loses value over time |
| Spousal Protection | Excellent | Spouse can treat as own; maximum flexibility | Added cost for spousal rider |
| Cost to Family | Varies | Period certain rider protects; refund annuity recovers investment | Straight life costs family nothing received |
| Feature | Self-Directed Retirement Account (IRA/401k) | Pros | Cons |
|---|---|---|---|
| Death Benefits | Full balance to beneficiary | Maximum value passes to heirs | SECURE Act 2.0 creates 10-year withdrawal for non-spouses |
| Income Guaranteed | No | You control when to take money | You risk running out of money |
| Flexibility for Heirs | High | Beneficiaries decide what to do | Requires financial knowledge from heirs |
| Control | Maximum | You decide everything | Ongoing investment decisions required |
| Tax Efficiency | Varies | Roth accounts pass tax-free to heirs | Traditional accounts create tax bill for heirs |
| Inflation Protection | Yes | Invested money can grow with inflation | Market risk; value can decrease |
| Spousal Protection | Maximum | Spouse inherits full account as own | Children/grandchildren get less time to benefit |
| Cost to Family | Varies | Full amount available to heirs | Beneficiaries might make poor investment choices |
How the SECURE Act 2.0 Changed Everything for Non-Spouse Beneficiaries
The SECURE Act 2.0, passed in December 2022, fundamentally changed how non-spouse beneficiaries inherit annuities and other retirement accounts. Understanding these changes is critical because they affect your inheritance planning.
The Old Rule: The Stretch Strategy
Before SECURE Act 2.0, non-spouse beneficiaries could stretch inherited annuities and retirement accounts over their lifetime. If a 60-year-old inherited an annuity, they could take small distributions over 30+ years, paying taxes slowly.
This strategy reduced taxes because the beneficiary spread the income over many years and stayed in a lower tax bracket. It also allowed the remaining money to keep growing tax-deferred. This was extremely favorable for heirs.
The New Rule: The 10-Year Mandate
SECURE Act 2.0 eliminated the stretch strategy for most non-spouse beneficiaries. Now, the inherited account must be completely emptied within 10 years. The IRS provides detailed rules about this 10-year deadline.
This change creates a major tax problem. Instead of spreading distributions over 30+ years, beneficiaries must take larger amounts sooner. These larger distributions push beneficiaries into higher tax brackets, creating much bigger tax bills.
Exceptions to the 10-Year Rule
The 10-year rule does not apply to:
- Surviving spouses (they get special treatment, can treat as own, unlimited time)
- Minor children (until age 21, then the 10-year rule applies)
- Disabled individuals (if they qualified before the account owner died)
- Chronically ill individuals (if they qualified before the account owner died)
- Beneficiaries less than 10 years younger than the account owner (spouses aren’t the only ones who qualify)
If you don’t fall into these exceptions, the 10-year rule applies to you.
How This Affects Inherited Annuities Specifically
For inherited annuities, SECURE Act 2.0 means:
If you inherit a traditional (pre-tax) annuity, all distributions are taxable. If you inherit a Roth annuity, distributions are tax-free. You must take distributions within 10 years regardless of the type.
If the inherited annuity is inside a retirement account (like an IRA), the SECURE Act 2.0 rules apply directly. If the inherited annuity is not inside a retirement account (a standalone annuity), different rules apply—you might be able to stretch distributions longer.
The difference matters. A $500,000 inherited annuity inside an IRA must be fully withdrawn within 10 years. A $500,000 inherited standalone annuity might allow longer stretches depending on how it was structured.
What Happens to Your Beneficiary if the Annuity Company Fails
A common fear is: what if the insurance company fails and can’t pay the annuity? Federal law doesn’t insure annuities, but state laws do.
Every state has a state insurance guarantee association that protects annuity holders and beneficiaries if an insurance company becomes insolvent. The National Organization of Life & Health Insurance Guaranty Associations (NOLHGA) coordinates these protections.
These state guaranty associations typically protect up to $250,000 per person per insurer. If an annuity is worth $500,000 and the insurance company fails, the beneficiary is protected for $250,000. The remaining $250,000 might be lost. This means your beneficiary could lose part of their inheritance if the insurance company fails.
To protect against this, some people buy annuities from multiple insurance companies so no single company holds more than $250,000. This requires more work but provides full protection through the guarantee associations.
The Bottom Line: Your Choices Matter More Than the Type of Annuity
The value an annuity has after you die depends almost entirely on the choices you made when you bought it. A straight life annuity with no death benefit rider leaves your heirs with nothing. A life with period certain annuity, a cash refund annuity, or a variable annuity with a death benefit rider can provide substantial protection.
Federal law allows you to choose protection for your beneficiaries, but it doesn’t require annuity companies to provide it automatically. This means you must be intentional about selecting the right type and riders. Many people don’t understand this choice, and their beneficiaries pay the price.
The SECURE Act 2.0 has made inherited annuities more complicated for non-spouse beneficiaries, but planning can still reduce taxes significantly. A surviving spouse who inherits an annuity has excellent protection and flexibility. A non-spouse beneficiary must be aware of the 10-year rule and plan accordingly.
If you own an annuity and care about what happens to your money when you die, review your beneficiary designation and death benefit options now. Don’t wait until it’s too late.
Frequently Asked Questions
Can my spouse inherit my annuity without paying taxes immediately?
Yes. Surviving spouses can treat inherited annuities as their own and roll them into their own IRAs, delaying taxes indefinitely. Other beneficiaries must withdraw within 10 years under SECURE Act 2.0.
What happens to my annuity if I die before I receive back my original investment?
It depends. With a straight life annuity, your heirs receive nothing. With a cash or installment refund annuity, they receive the difference. Without a rider, your family loses the unrecovered amount.
Can I change my annuity’s death benefit after I buy it?
Maybe. Some annuities allow you to add or modify riders after purchase, but others don’t. Once you buy a straight life annuity without a rider, you typically cannot add one later.
How much will my heirs owe in taxes on an inherited annuity?
It varies. If it’s traditional (pre-tax), heirs owe ordinary income tax on distributions. If it’s Roth, heirs owe no taxes. The tax amount depends on their income bracket and the payout amount.
Are inherited annuities protected from creditors?
It depends. Some states protect inherited annuities from creditors; others don’t. California, Florida, and Texas offer stronger protections than most states. State law determines this.
What’s the difference between a period certain annuity and a refund annuity?
Period certain guarantees payments for a set number of years; refund annuities guarantee recovery of your original investment. Both protect heirs, but refund annuities protect your principal while period certain protects your time period.
Can my child inherit my annuity if I’m receiving monthly payments?
Yes. If you bought an annuity with a period certain or refund rider, your child can inherit remaining payments or refund amounts. Without a rider, your child inherits nothing.
Is a straight life annuity ever a good choice if I have heirs?
Rarely. Straight life annuities stop paying when you die, leaving heirs with nothing. They’re only appropriate if you have no family or specifically don’t want to leave them money.
What happens to my annuity in my will?
Your will doesn’t control annuities. The beneficiary designation on the annuity contract controls who inherits it, not your will. Make sure your beneficiary designation reflects your wishes.
Do I have to withdraw an inherited annuity all at once?
No. You have up to 10 years to withdraw it (if you’re not a spouse and no exception applies). You can take smaller distributions to spread the tax burden across multiple years.
Can I name multiple beneficiaries for my annuity’s death benefit?
Yes. You can name your spouse, children, and grandchildren as beneficiaries and specify what percentage each receives. The annuity company will distribute accordingly.
What if my annuity company goes out of business?
State insurance guarantee associations protect you. Beneficiaries are protected up to $250,000 per insurer. If your annuity exceeds this, only $250,000 is protected.
Related reading
- How to Make a Retirement Annuity Actually Work (w/Examples) + FAQs
- Are Annuity Death Benefits Taxable? (w/Examples) + FAQs
- Can You Buy an Annuity With Cash? (w/Examples) + FAQs
- Should I Invest in an Annuity? (w/Examples) + FAQs
- Can an Annuity Be Inherited? (w/Examples) + FAQs
- How Annuity Companies Make Money? (w/Examples) + FAQs