What Are Contingent Annuities?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Contingent annuities do not make payments to the beneficiary until a specified event triggers the payment to begin. This condition is set up when the annuity is secured. E.g. The payment of the annuity may be contingent upon the death of the annuity holder, or upon the beneficiary retiring or becoming disabled.
    Answered on September 13, 2013
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