{"id":30251,"date":"2025-06-05T18:08:19","date_gmt":"2025-06-05T18:08:19","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/"},"modified":"2025-06-05T18:08:19","modified_gmt":"2025-06-05T18:08:19","slug":"what-happens-to-an-annuity-when-a-person-dies","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/","title":{"rendered":"What happens to an annuity when a person dies?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<figure class=\"embed embed--type-image is-image embed--float-none embed--size-medium\">\n<p>      <span class=\"img embed__content\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/6e948814-8d2c-49d6-93be-75f86a2cf713\/thumbnail\/620x452\/4d6cb2ca2726c672116ba1524a81fe7d\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6#\" alt=\"Piggy Bank \" height=\"452\" width=\"620\" class=\" lazyload\" srcset=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/6e948814-8d2c-49d6-93be-75f86a2cf713\/thumbnail\/620x452\/4d6cb2ca2726c672116ba1524a81fe7d\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6 1x, https:\/\/assets1.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/6e948814-8d2c-49d6-93be-75f86a2cf713\/thumbnail\/1240x904\/79bd1cef6181a14d4f608bf44cacfbf5\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6 2x\" loading=\"lazy\"\/><\/span><figcaption class=\"embed__caption-container\">\n<p>                  <span class=\"embed__caption\">An annuity can provide reliable retirement income, but it&#8217;s important to know whether it will continue to pay your loved ones after you die.<\/span><\/p>\n<p>                  <span class=\"embed__credit\"><\/p>\n<p>                Getty Images<\/p>\n<p>                          <\/span><br \/>\n              <\/figcaption><\/figure>\n<p>In today&#8217;s uncertain financial climate, many Americans are <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/what-are-annuities\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">turning to annuities<\/a><\/span> as a way to guarantee income during retirement. With <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/cpi-report-today-april-2025-inflation-trump-tariffs\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">inflation cooling but still problematic<\/a><\/span>, <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/amid-stock-market-uncertainty-ways-to-protect-your-money-now\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">market volatility causing jitters<\/a><\/span> and traditional pensions nearly extinct, annuities offer something rare: predictable, steady payouts for life. But while retirees often understand the basics of how annuities work during their lifetime, there&#8217;s one question that doesn&#8217;t always get asked soon enough: What happens to that annuity when the person who owns it dies?<\/p>\n<p>It&#8217;s an important question, especially if you&#8217;re counting on that annuity to support a surviving spouse or want to leave something behind for your children. And, the answer depends on several factors, including <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/what-types-of-annuities-should-seniors-consider-now-experts\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">the type of annuity purchased<\/a><\/span> and the options selected at the time of signing the contract. That&#8217;s why understanding the potential outcomes ahead of time is key. If you don&#8217;t plan ahead, <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/how-much-does-a-750000-annuity-pay-monthly\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">that stream of income<\/a><\/span> could dry up, and in some cases, the insurer might keep the remainder of the money.<\/p>\n<p>So, whether you&#8217;re shopping for an annuity, currently receiving payouts or managing a loved one&#8217;s estate, it&#8217;s critical to know what happens to an annuity after the annuitant dies.<\/p>\n<p><a href=\"https:\/\/secure.money.com\/pr\/e7f23e36f622?s1=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2Fwhat-happens-to-an-annuity-when-a-person-dies\" target=\"_blank\" rel=\"nofollow, sponsored, noopener\">Find out how to add an annuity to your retirement portfolio today<\/a>.<\/p>\n<h2><strong>What happens to an annuity when a person dies?<\/strong><\/h2>\n<p>What happens to an annuity after death depends largely on the type of annuity and the contract terms set in place. Here&#8217;s what happens with the common types of annuities after the person who owns it dies:\u00a0<\/p>\n<ul>\n<li><strong>Single life annuity<\/strong>: If the annuity is a single life annuity, meaning that it&#8217;s set to pay income only for the life of the annuitant, <a href=\"https:\/\/www.schwab.com\/annuities\/income-annuity\" target=\"_blank\" rel=\"nofollow noopener\">the payments usually stop once the person dies<\/a>. That means even if the annuitant dies early into the payout period, the insurance company keeps the remaining balance. This might sound harsh, but it&#8217;s part of the tradeoff for getting higher monthly payments while the person is alive.<\/li>\n<li><strong>Joint and survivor annuity<\/strong>: Joint and survivor annuities are a common option for married couples who want to make sure both spouses are covered. If the annuity was structured as a joint and survivor annuity, <a href=\"https:\/\/www.guardianlife.com\/annuities\/joint-and-survivor\" target=\"_blank\" rel=\"nofollow noopener\">payments continue to the surviving spouse or named joint annuitant<\/a> after the original annuitant passes away. That said, the amount may be the same or reduced, depending on the contract.\u00a0<\/li>\n<li><strong>Fixed period or period certain annuity<\/strong>: Some annuities include a &#8220;period certain&#8221; feature, which <a href=\"https:\/\/www.insurance.wa.gov\/insurance-resources\/annuities\/annuity-payout-options\" target=\"_blank\" rel=\"nofollow noopener\">guarantees payments for a set number of years<\/a> \u2014 like 10 or 20 \u2014 regardless of whether the annuitant is alive. If the annuitant dies before that period ends, the remaining payments are made to a designated beneficiary.<\/li>\n<li><strong>Refund options<\/strong>: Other annuities include refund provisions. For example, a cash refund annuity ensures that if the total amount paid out doesn&#8217;t equal the original investment, the remaining amount is refunded to a beneficiary. This helps ensure that some of the money goes to heirs, even if the annuitant dies early.<\/li>\n<\/ul>\n<p>It&#8217;s worth noting that in most cases, any payments made to a beneficiary after the annuitant dies are considered taxable income. However, the taxation details depend on whether the annuity was qualified (funded with pre-tax dollars) or non-qualified.<\/p>\n<p><a href=\"https:\/\/secure.money.com\/pr\/e7f23e36f622?s1=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2Fwhat-happens-to-an-annuity-when-a-person-dies\" target=\"_blank\" rel=\"nofollow, sponsored, noopener\">Compare your annuity options and secure a reliable retirement income stream now<\/a>.<\/p>\n<h2><strong>How to make sure your annuity benefits your loved ones<\/strong><\/h2>\n<p>If you&#8217;re worried about your loved ones&#8217; ongoing financial needs, there are steps you can take to make sure your annuity continues to support your family after you die. That said, it takes a bit of upfront planning and a clear understanding of the contract terms to get it right.<\/p>\n<p>Start by carefully reviewing the death benefit provisions in your annuity. If you&#8217;re still in the accumulation phase (i.e., you haven&#8217;t started receiving payments yet), check whether your contract includes a death benefit rider. This rider can guarantee that your beneficiaries receive the greater of your account value or the total premiums paid, even if your investments have declined.<\/p>\n<p>If you&#8217;ve already annuitized (meaning you&#8217;ve started receiving regular income), it&#8217;s important to confirm whether your contract includes features like a joint payout option or period certain. These choices can&#8217;t be added after the fact, so what you selected at the start is what determines how much, if anything, your beneficiaries receive.<\/p>\n<p>You should also take the time to review and update your beneficiary designations. Life changes, like divorce, remarriage or the death of a previously named beneficiary, can create complications if you haven&#8217;t kept your documents current. And make sure you name contingent beneficiaries too, in case your primary beneficiary isn&#8217;t able to inherit.<\/p>\n<p>Ultimately, an annuity doesn&#8217;t have to be a &#8220;use it or lose it&#8221; investment. With the right setup, it can offer long-term peace of mind for both you and the people you care about.<\/p>\n<h2><strong>The bottom line<\/strong><\/h2>\n<p>Annuities can offer powerful income protection during retirement, but without the right planning, they might not offer the same protection for your loved ones after you&#8217;re gone. But what happens to your annuity when you die depends largely on the structure of the contract, whether you&#8217;ve chosen survivorship options and who you name as your beneficiaries.<\/p>\n<p>To avoid unwanted surprises, take the time to understand your annuity&#8217;s terms and make sure your designations reflect your wishes. With a few thoughtful decisions, your annuity can serve as more than just a retirement paycheck. It can also be a meaningful part of your legacy.<\/p>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/angelica-leicht\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Angelica  Leicht<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing roles at The Simple Dollar, Interest, HousingWire and other financial publications.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/what-happens-to-an-annuity-when-a-person-dies\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An annuity can provide reliable retirement income, but it&#8217;s important to know whether it will continue to pay your loved<\/p>\n","protected":false},"author":1,"featured_media":30252,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-30251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What happens to an annuity when a person dies? - World News<\/title>\n<meta name=\"description\" content=\"Annuities can provide guaranteed income for life, but what happens to that income stream when you die?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What happens to an annuity when a person dies? - World News\" \/>\n<meta property=\"og:description\" content=\"Annuities can provide guaranteed income for life, but what happens to that income stream when you die?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/\" \/>\n<meta property=\"og:site_name\" content=\"World News\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-05T18:08:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6\" \/><meta property=\"og:image\" content=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"998\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/\"},\"author\":{\"name\":\"News\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2\"},\"headline\":\"What happens to an annuity when a person dies?\",\"datePublished\":\"2025-06-05T18:08:19+00:00\",\"dateModified\":\"2025-06-05T18:08:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/\"},\"wordCount\":985,\"publisher\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1200&resize=1200,630&ssl=1\",\"articleSection\":[\"Top Stories\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/\",\"name\":\"What happens to an annuity when a person dies? - World News\",\"isPartOf\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1200&resize=1200,630&ssl=1\",\"datePublished\":\"2025-06-05T18:08:19+00:00\",\"dateModified\":\"2025-06-05T18:08:19+00:00\",\"description\":\"Annuities can provide guaranteed income for life, but what happens to that income stream when you die?\",\"breadcrumb\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#primaryimage\",\"url\":\"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1200&resize=1200,630&ssl=1\",\"contentUrl\":\"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1200&resize=1200,630&ssl=1\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/site.itshrt.com\/worldnews\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What happens to an annuity when a person dies?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#website\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/\",\"name\":\"World News\",\"description\":\"World News\",\"publisher\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/site.itshrt.com\/worldnews\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\",\"name\":\"World News\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png\",\"contentUrl\":\"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png\",\"width\":581,\"height\":581,\"caption\":\"World News\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2\",\"name\":\"News\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What happens to an annuity when a person dies? - World News","description":"Annuities can provide guaranteed income for life, but what happens to that income stream when you die?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/","og_locale":"en_US","og_type":"article","og_title":"What happens to an annuity when a person dies? - World News","og_description":"Annuities can provide guaranteed income for life, but what happens to that income stream when you die?","og_url":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/","og_site_name":"World News","article_published_time":"2025-06-05T18:08:19+00:00","og_image":[{"url":"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6","type":"","width":"","height":""},{"url":"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6","width":1920,"height":998,"type":"image\/jpeg"}],"author":"News","twitter_card":"summary_large_image","twitter_image":"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6","twitter_misc":{"Written by":"News","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#article","isPartOf":{"@id":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/"},"author":{"name":"News","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2"},"headline":"What happens to an annuity when a person dies?","datePublished":"2025-06-05T18:08:19+00:00","dateModified":"2025-06-05T18:08:19+00:00","mainEntityOfPage":{"@id":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/"},"wordCount":985,"publisher":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#organization"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#primaryimage"},"thumbnailUrl":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1200&resize=1200,630&ssl=1","articleSection":["Top Stories"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/","url":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/","name":"What happens to an annuity when a person dies? - World News","isPartOf":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#website"},"primaryImageOfPage":{"@id":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#primaryimage"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#primaryimage"},"thumbnailUrl":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1200&resize=1200,630&ssl=1","datePublished":"2025-06-05T18:08:19+00:00","dateModified":"2025-06-05T18:08:19+00:00","description":"Annuities can provide guaranteed income for life, but what happens to that income stream when you die?","breadcrumb":{"@id":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#primaryimage","url":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1200&resize=1200,630&ssl=1","contentUrl":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1200&resize=1200,630&ssl=1","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/site.itshrt.com\/worldnews\/what-happens-to-an-annuity-when-a-person-dies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/site.itshrt.com\/worldnews\/"},{"@type":"ListItem","position":2,"name":"What happens to an annuity when a person dies?"}]},{"@type":"WebSite","@id":"https:\/\/site.itshrt.com\/worldnews\/#website","url":"https:\/\/site.itshrt.com\/worldnews\/","name":"World News","description":"World News","publisher":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/site.itshrt.com\/worldnews\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/site.itshrt.com\/worldnews\/#organization","name":"World News","url":"https:\/\/site.itshrt.com\/worldnews\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/","url":"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png","contentUrl":"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png","width":581,"height":581,"caption":"World News"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2","name":"News","url":"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/"}]}},"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=150&resize=150,150&ssl=1","medium":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=300&resize=300,300&ssl=1","medium_large":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=768&resize=768,0&ssl=1","large":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1024&resize=1024,1024&ssl=1","1536x1536":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1536&resize=1536,1536&ssl=1","2048x2048":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=2048&resize=2048,2048&ssl=1","colormag-highlighted-post":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=392&resize=392,272&ssl=1","colormag-featured-post-medium":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=390&resize=390,205&ssl=1","colormag-featured-post-small":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=130&resize=130,90&ssl=1","colormag-featured-image":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=800&resize=800,445&ssl=1","colormag-default-news":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=150&resize=150,150&ssl=1","colormag-featured-image-large":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1400&resize=1400,600&ssl=1","colormag-elementor-block-extra-large-thumbnail":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1155&resize=1155,480&ssl=1","colormag-elementor-grid-large-thumbnail":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=600&resize=600,417&ssl=1","colormag-elementor-grid-small-thumbnail":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=285&resize=285,450&ssl=1","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=575&resize=575,198&ssl=1"},"magazineBlocksPostAuthor":{"name":"News","avatar":"https:\/\/secure.gravatar.com\/avatar\/e85cf08852547781a5f631f3713dbb5197ed4b54e32ae19c7d5769b8c8504897?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":false,"magazineBlocksPostExcerpt":"An annuity can provide reliable retirement income, but it&#8217;s important to know whether it will continue to pay your loved","magazineBlocksPostCategories":["Top Stories"],"magazineBlocksPostViewCount":23,"magazineBlocksPostReadTime":5,"magazine_blocks_featured_image_url":{"full":["https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=1200&resize=1200,630&ssl=1",1200,630,false],"medium":["https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=300&resize=300,300&ssl=1",300,300,false],"thumbnail":["https:\/\/i2.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/06\/05\/43d4f184-6089-468d-9824-efa828ed58d7\/thumbnail\/1200x630\/657cb738463c31f97d8727835d43ae8e\/gettyimages-1170303625.jpg?v=8e774d26301ae5e7a27489083c0cf8b6&w=150&resize=150,150&ssl=1",150,150,false]},"magazine_blocks_author":{"display_name":"News","author_link":"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/e85cf08852547781a5f631f3713dbb5197ed4b54e32ae19c7d5769b8c8504897?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-32\">Top Stories<\/a>","_links":{"self":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts\/30251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/comments?post=30251"}],"version-history":[{"count":0,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts\/30251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/media\/30252"}],"wp:attachment":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/media?parent=30251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/categories?post=30251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/tags?post=30251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}