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What happens to annunity payments after person dies?
After a person dies, the fate of annuity payments depends on the type of annuity and its terms. If the annuity has a death benefit provision, payments may continue to a designated beneficiary or be paid in a lump sum. In contrast, if it is a straight-life annuity, payments typically cease upon the annuitant's death. It's essential to review the specific terms of the annuity contract to understand the implications for beneficiaries.
What happens to Darren shan?
He dies, becomes a little person, and dies again.
Can a living will still enforced if the person dies?
A living will becomes irrelevant upon a person's death.
What is transamerica variable annuity and what are their yields?
Tranamerica is an insurance company that offers variable annuity. Their yield depends on the situation of the person. If a person qualifies for annuity.
Who becomes president in the USA if your president dies and what if that person also dies?
The Presidency goes to the Vice President. If the VP dies, Presidency passes to the Speaker of the House.
My mother has a single premium deferred annuity when she dies do her children receive cash from that annuity?
Are the children the beneficiary's of the Annuity? Annuity's are like Life insurance, they have named beneficiary's listed in the contract. If the children are listed, then yes they are going to benefit from this account.
In joint life annuity one person dies does survivor get lump sum?
No, not unless the survivor asked to surrender the policy. If the survivor wants a lump sum, it is available.
What type of annuity settlement arrangement stops making payments when the annuitant dies?
A "life annuity" settlement arrangement stops making payments when the annuitant dies. This type of annuity provides income for the lifetime of the annuitant, but there are no further payments to beneficiaries after their death. If the annuitant passes away shortly after starting the annuity, the total payments received may be less than the initial investment.
What is a life annuity with period certain?
A life annuity with period certain is a type of annuity that provides regular payments for life, with a minimum guaranteed period during which payments will continue, even if the annuitant dies. If the annuitant dies before the end of the guaranteed period, the payments will continue to a beneficiary until the end of that period.
When an Oscar winning actor dies who will then get the Oscar?
it becomes part of the estate and will go to the person mentioned in the will.
Can a person get an annuity and a pension?
Yes
What exactly is a life annuity?
A life annuity is an insurance product that gives a predetermined amount of money on a periodic basis to an individual until the receiver (referred to as the annuitant) dies.
