Can Annuity Payments Be Inherited?

Are you navigating the complicated process of inheriting an annuity, or are you looking to buy an annuity and want to guarantee your family receives your leftover money when you die?

In this video, Shawn Plummer from The Annuity Expert answers the highly requested question: Can annuity payments be inherited? The candid truth is that it depends entirely on how the contract was originally structured!

Shawn breaks down the worst-case scenario: if the deceased chose a "Life Only" annuitized payout, the payments stop at death and the insurance company legally keeps the rest of the money! However, if the contract was set up with a "Period Certain" or "Cash Refund," beneficiaries are guaranteed to receive the remaining payments or principal. For anyone currently shopping for an annuity, Shawn explains why a Fixed Index Annuity with a Guaranteed Lifetime Withdrawal Benefit (GLWB) is almost always the superior choice, as it guarantees you a lifetime paycheck while ensuring whatever is left in your account automatically passes to your heirs as a lump sum!

📖 Inheriting an annuity can be confusing and highly taxable. Read our complete guide for beneficiaries right here:

https://www.annuityexpertadvice.com/services/annuity-broker/inherited/

📞 Need help deciphering an inherited contract or setting up your own legacy? Call us for free at: 770-755-1565

⏱️ Video Chapters:

0:00 - Intro: Can annuity payments be inherited?

0:17 - The Worst Case Scenario: "Life Only" annuitized payouts

1:02 - What to do if you are a designated beneficiary on a contract

1:36 - How to protect your heirs if you are buying an annuity today

2:25 - The GLWB Advantage: Why you should avoid SPIAs

3:23 - How "Period Certain" and "Cash Refund" inheritance works

4:30 - The ultimate peace of mind: Leaving a guaranteed lump sum

4:44 - How to get free help from The Annuity Expert