What Happens to Your Annuity When You Die?
Retire For Less With The Annuity Expert · Shawn Plummer
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Show Notes
If you are setting up your retirement plan, one of the most critical questions to ask is: What happens to my annuity when I die? In this video, Shawn Plummer from The Annuity Expert breaks down exactly how annuity death benefits work, what your spouse and beneficiaries can expect, and the crucial mistakes you must avoid to keep the insurance company from keeping your money.
Shawn covers the different payout options for spousal and non-spousal beneficiaries, how to use "spousal continuance" to defer taxes, and why adding a Guaranteed Lifetime Income Rider is often safer than traditional annuitization. He also reveals specialized "Enhanced Death Benefit" annuities that can act as a life insurance alternative for older adults or those with health issues.
📖 Read our full guide on Annuity Inheritance and Death Benefits here:
https://www.annuityexpertadvice.com/annuity-basics/inheritance/
📞 Have questions about protecting your family's inheritance? Call us at: 770-755-1565