Can Annuities Be Passed On To Heirs? 
Whether an annuity can be passed onto heirs depends on the type of annuity you choose . A straight life annuity will end upon the death of the annuitant , leaving nothing to heirs . Life annuities with a guaranteed term will pass the remainder of the payout to a beneficiary if the annuitant dies before the term is up . Term certain annuities pay out during the term , whether the annuitant is alive or not , but then will not pay anything after the term ends . There are many other choices , all with their own set of guidelines . Just be sure to shop with someone who knows what they are doing if you want to get an annuity that you can pass onto your heirs . 