What Happens With Annuities Upon Death?

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    Peggy MacePRO
    Most of the U.S.
    Most annuities have a death benefit that is paid out when death occurs. If it is a lifetime pay annuity, the regular payments that were received will end at death. If the payments were to last for a certain number of years, the beneficiary of the annuity will continue to receive those payments until that period of time is ended.
    Answered on July 26, 2013
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