What Happens To A Lifetime Annuity When You Die - If you die before initiating those payments, your loved ones can collect money from the annuity in the form of a death benefit. There are several different methods. It depends on the type of annuity and how your payouts are calculated. What happens to an annuity when you die? The short answer is that it depends on the type of annuity you own.
The short answer is that it depends on the type of annuity you own. If you die before initiating those payments, your loved ones can collect money from the annuity in the form of a death benefit. It depends on the type of annuity and how your payouts are calculated. There are several different methods. What happens to an annuity when you die?