What Happens To Annuities When You Die? 
This depends on the type of Annuity . Most all Annuities have a Beneficiary Designation which names an individual that you wish the proceeds to pass to . They will pass to the Beneficiary free of probate . A Deferred Annuity will always have a named beneficiary . An Immediate Annuity sometimes might not . But most immediate Annuities have Death Benefit Options that allow for the funds -LRB- or part of them -RRB- to pass to an individual . 