If the annuitant dies during the annuity or payout phase, the remaining value in the account will be:___________.

1 answer:

4 0

If the annuitant dies during the annuity or payout phase, the remaining value in the account will be added to the deceased annuitant's estate for valuation.

Explanation:

When you leave the death benefit to a non-contractor, the balance is included in your total property value. It may not pass the proof process because it is left to a beneficiary, but that does not imply that the value of the rent does not form part of your property assessment for tax purposes.

Custom arrangements are being formed with insurance companies to show if the money is being disposed of, and if so, who can take it inherited. These contracts generally include provisions on death benefits that enable the owner to identify the beneficiary, either for the larger amount of money remaining on the account or for a minimum required.

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