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Tips on Selling Your Annuity or Structured Settlment

How to Name a Beneficiary on an Annuity

As the owner of your annuity, you will likely name yourself as the annuitant. In rare cases, you may name someone else if you want to extend the payments and tax savings. When the annuitant passes away, beneficiaries named by the owner of the annuity in advance inherit the payments. The owner can choose multiple beneficiaries and change beneficiaries whenever he or she wants. Additionally, beneficiaries can be both people and organizations.

Topics: Annuity inherited annuity