What Happens To A Fixed Annuity When You Die? 
If the annuity has not started making monthly payments the entire value of the annuity will be passed by the beneficiary provision in the policy to the person that you have selected . If that person has predeceased you , then the money will go to the contingent beneficiary -LRB- ies . -RRB- If all have predeceased you it will be distributed to your estate . If it happens after you have started receiving monthly payments the provisions of the policy will apply . These provisions are numerous and are selected by you when you start the monthly payments . 