Does A Fixed Annuity Have A Death Benefit? 
That is a great question ! The answer depends upon the annuity itself , and how you structured it . -LRB- Or will structure it , if you are thinking of buying one -RRB- Some annuities will be structured to pay out up to your death , and then cease payments . Whatever was left in that fund reverts back to the insurance company . Others will then make payments to your surviving spouse , and cease when they pass . You can also have one where the funds pass to a beneficiary , either in a lump sum , or in payments . There are a lot of options , and some will cost you extra . Please check with your advisor , or agent , and determine what is best for you . Thanks for asking ! 