Answers

  • NewRetirement User

    59 year old from San Francisco, CA

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  • Hi Edgar,

    Depending on the annuity contract in some cases the heirs or estate can continue to receive payments if the annuitant passes away. For example some annuities have a return of principal rider that says that payments will continue until all the principal is paid back.

    You can learn more about Annuities using our calculator:
    https://www.newretirement.com/Services/Annuity_Calculator.aspx

    Or in our annuity section:
    http://www.newretirement.com/Services/Annuities.aspx

    If you inquire and talk to an insurance company they can provide more detail on what options are available to you.

    Good luck!

  • Login to rate this answer:   Answered on 6/27/2011
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.