Even If You Die, Annuities Can Continue to Pay Your Heirs
Here’s some information you may not be aware of about annuities. If you buy a immediate lifetime annuity, you can ensure that, if you die, your designated heirs will continue to receive payments on your behalf. Yes, it is true. Even after you are no longer here, people you love can still receive money from your immediate lifetime annuity. Of course, you will have to make arrangements to ensure that this happens should you unexpectedly expire. Another positive thing about setting up your annuity to pay out this way, is that the money will not get tied up in probate proceedings.