A beneficiary is a person or entity who is designated to receive the benefits of property owned by someone else. Beneficiaries often receive these benefits as an inheritance. A beneficiary can be ...

The annuity must be issued in the owner's name, and only the annuity owner or their surviving beneficiaries are eligible to receive benefits from the contract. The owner's entire interest in the ...

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 ...

If you die, the remaining value of your annuity contract is paid to your beneficiaries. The $40 annual maintenance fee for variable annuities can be waived for contracts valued at $100,000 or more.

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: ...

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 ...

While retirees who opt for an in-fund annuity retain the flexibility to convert to an out-of-fund annuity at a later stage, ...

Should you name your living trust as the beneficiary of your life insurance policy? Is it better to name specific individuals as direct beneficiaries? This decision can have significant ...

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 ...