Sentences with phrase «annuity upon your passing»

In most cases, you can also choose a beneficiary to receive proceeds from your annuity upon your passing.

In most cases, you can also choose a beneficiary to receive proceeds from your annuity upon your passing.

Not exact matches

Upon your death, generally none of the money you invested in the annuity will pass to your heirs, unless you accept a lower payout.

Bear in mind that, like most pensions and annuities, CPP and OAS are income streams that «run out» or reduce upon the passing of a spouse, unlike personal assets that have both a survivor and estate benefits.

Whether you use a fixed annuity within your IRA for a future Stretch IRA Strategy, your current IRA should be set up for your listed beneficiaries to at least have this option upon your passing.