Some annuities offer optional death benefits, available for an additional cost, that give you the opportunity to capture and lock in investment gains for your beneficiaries. (nationwide.com)
Pass wealth directly to beneficiaries with the Earnings Protection Benefit optional death benefit, available at an additional cost (globalatlantic.com)
The investor also loses optional death benefits, contract value at death (depending on the timing of the election and contract terms the contract value could be realized over a specified period of time) and most other features purchased with the annuity. (blog.annuity123.com)