How Do Annuities Avoid Probate?

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    Brandon Roberts
    Owner, The Insurance Pro Blog,
    Annuities pay a death benefit that is equal to the cash surrender value of the annuity contract.  Since the annuity is a contract with a specifically named beneficiary, the death benefit is paid directly to the named beneficiary(ies) and does not enter the owners estate where it would need to go through the probate process in order to be paid to any heir of the deceased.
    Answered on August 23, 2013
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