Regarding a life annuity with a 10-year term certain payout option:
1) can I name multiple beneficiaries to receive the balance of the 10-year payout if I die, or only a single beneficiary?
2) will the beneficiary or beneficiaries only be able to receive the periodic annuity payments or can they opt to take the balance as a lump sum?
Thanks for your input.
1) can I name multiple beneficiaries to receive the balance of the 10-year payout if I die, or only a single beneficiary?
2) will the beneficiary or beneficiaries only be able to receive the periodic annuity payments or can they opt to take the balance as a lump sum?
Thanks for your input.
Statistics: Posted by RationalWalk — Sun May 19, 2024 1:47 pm — Replies 2 — Views 104