If a lottery winner who has opted for an annuity payout passes away, the remaining payments typically go to their estate and subsequently to any heirs or beneficiaries. This process is governed by ...

Definition: In a life insurance policy or an annuity plan, contingent beneficiary gets proceeds from the policy in the event of a demise of the primary beneficiary at the same time as that of the ...

Acronyms like CRT, CRAT, CRUT and NICRUT could have many clients' heads spinning. Here's a guide to the key pros and cons for ...

One can add a second life or a minimum guaranteed option to the annuity to ensure that there is income for your spouse or ...

If you’re married, your spouse can assume the ownership of your qualified or nonqualified annuity at your death without any taxes. Children who are beneficiaries are required to claim only the ...

the owner of the annuity can designate a beneficiary to receive payments after they die. There are four methods for completing an annuity’s payouts when the original owner dies: ...

Most of you know by now that I grew up in the Panama Canal Zone which no longer exists as of 1999. In that respect, the transition left me as a man without a country. My father (of blessed memory ...

Generally, you’ll need your Social Security number, date of birth, address and your beneficiary’s information when submitting your annuity application. Having information readily available and ...

doesn’t cover annuities like bank deposits, but they are backed by insurance guaranty associations that protect insurance policyholders and their beneficiaries if the insurance company becomes ...

I inherited a non-qualified annuity from my mom. I am on SSDI and I receive $1,800 per month. The annuity is worth $100,000. I am trying to decide whether to take monthly payments for the rest of ...