When you die, your provider will pay that amount of it back to anyone you choose, minus any money they've already paid to you. Joint annuity payments continue.

If you die, normally your annuity payments will stop and the pension fund used to buy your annuity will be lost. However there are a number of options you ...

31 окт. 2023 г. · If you have a lifetime annuity, usually the payments will stop when you die and the pension funds used to purchase the annuity are lost. However ...

Annuitant dies before age 75 –paid tax-free to the deceased person's estate, from which it is distributed to beneficiaries as per deceased persons will / ...

The death benefit payment is typically either a specific pre-determined amount, or the remaining value of the annuity contract. Annuity death benefits serve ...

Upon one spouse's death, the survivor will continue to receive payments for life.2 Those payments, or joint life payouts, can be the same amount the annuitant ...

If you bought a guaranteed income with your pension pot (called an annuity), any income or lump sum is only payable to the people you named when you set it up.

An annuity death benefit is a feature that provides financial protection to the beneficiaries of an annuity contract by offering a lump sum payment or ongoing ...

5 февр. 2024 г. · Instead of a lump-sum payment, your beneficiaries may opt to take your annuity's death benefit as a series of payments, called a settlement ...

What happens to your pension when you die? Scottish Widows explains what death means for annuities, money left in your pension and the state pension.