Can An Annuity Include Provisions To Guarantee My Beneficiary Will At Least Get My Investment Back If I Die Prematurely?
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UPDATED: Jul 16, 2021
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Yes. Many types of provisions have been devised for this purpose. For example, the income can continue to a second person. Or, the contract can guarantee a lump sum payment or a minimum number of payments. Annuities that include such provisions will return somewhat lower payments than those annuities which do not have such provisions.