What Is Annuity Guarantee Period? 
It is important that we recognize the possible misunderstanding between `` having actually exercised your beneficiary options -LRB- single life , joint life , guaranteed minimum payment -RRB- and an annuity that the owner dies before the beneficiary option has been exercised . In addition , upon the death of the owner the annuity can be claimed and a full payout achieved simply by the survivor beneficiary -LRB- assuming the beneficiary designations are current -RRB- submitting a `` death certificate to the company . That enables the beneficiary spouse to have the monies in her name at her chosen location and in her investment option of her choice so why are we swatting at the flies ? 