When the owner of an annuity dies, do the beneficiaries get paid immediately?

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When the owner of an annuity dies, do the beneficiaries get paid immediately?

2006-10-29 10:18:28 · 2 answers · asked by sms 1 in Business & Finance ➔ Other - Business & Finance

2 answers

You have to look at the annuity contract. Was it for the owner alone? was it set up to pay an annuity to the beneficiary, can it pay a lump sum. This will all be in the policy.

2006-10-29 10:28:41 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋

can take 3 to 7 days on average.
longer if court names executor.

2006-10-29 10:26:20 · answer #2 · answered by cork 7 · 0⤊ 0⤋