The Death Benefit on a Variable Annuity (or any other type of annuity) is taxable as income.
However, there are often some techniques to help minimize those taxes. One technique is for the beneficiary to take the value as an income stream, and not as a lump sum.
If taxes are a worry about any financial product you own, consult with a CPA.
However, there are often some techniques to help minimize those taxes. One technique is for the beneficiary to take the value as an income stream, and not as a lump sum.
If taxes are a worry about any financial product you own, consult with a CPA.