What Happens To Annuities Upon Death? 
It depends on the type of annuity you have . Deferred Annuities will usually pass on the Actual Account Value to the beneficiaries listed on the policy . Immediate Annuities usually depend on the option selected upon starting the policy . Some have a fixed number of years that they will continue to pay out to a beneficiary listed on the policy . Others have no period listed and will discontinue all payments upon death of the annuity policy holder . Make sure to discuss all options with your Agent prior to deciding on a certain annuity . 