do you get money invested in an annuity when owner dies
When an annuity owner or annuitant dies, the beneficiaries will receive either the proceeds of the investment account or the remaining income benefits if the option of guaranteed payments was chosen at the time of annuitization.tâs important to note that, in contracts where the owner and the annuitant are not the same person, it is the death of the annuitant that triggers the beneficiary payments. If the owner dies, the annuitant remains as the contracts intended recipient of annuity proceeds or payments.