Can Annuities Be Willed?
- 37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaAnnuities are contracts. They identify a beneficiary to receive proceeds in the case of a premature death. The company is required to honor the beneficiary. If the beneficiary is the estate, or there is no surviving beneficiary, then the will can direct the disposition of the proceeds. Most of the time people who purchase annuities name living persons who survive them.Answered on July 31, 2014flag this answer
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