Annuities generally do not need to be probated. Because annuities allow for the naming of a beneficiary, they pass to heirs by function of law and are not part of the probate estate. The primary exception would be if no beneficiary is named or if the estate is named.
With a properly named beneficiary, the death proceeds of an annuity are outside of the estate and transfer directly to the heirs avoiding probate.
One can find detailed information on annuities explained to them through a life insurance representative. MetLife has extensive information on annuities as does Sun Life Insurance.
You can find information about Life Annuities by contacting your local bank representative or your local financial advisor.
One might find information regarding life insurance annuities online at various websites. One can find information about life insurance annuities at insurance company websites such as Nationwide and MetLife.
You can find them at any banks or financial advisors
To find out about fixed annuities rates visit your bank provider at your local bank. They will be able to provide you with all the information that you require.
Most insurance companies sell annuities which are usually associated with them. Fidelity.com is one site where you can learn about annuities. While these are safe investments they aren't really considered high yielding.
Three types of Insurance Annuities are variable annuities, fixed annuities and indexed annuities.
In the state of Georgia, annuities are generally protected from creditors and are considered to be judgment proof if they meet certain criteria set by state law. This protection applies to qualified annuities, which are typically purchased through retirement accounts such as IRAs or 401(k) plans. Non-qualified annuities may have limited protection under certain circumstances. It is advisable to consult with a legal professional for specific advice on protecting assets from creditors in Georgia.
You should check with your local financial institution about this, they will have a list of different annuities and different rates that go with them.
If you are a beneficiary of a will you will be notified when the will is presented to the court for allowance and appointment of an executor.