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Tag Archive: How to name a annuity beneficiary

Mistakes to Avoid When Naming Beneficiaries to Annuity Contracts

Jerry Rogers

One great advantage of owning an annuity is the ability to, upon your death, have your money flow to your beneficiaries without having to go through probate. Beneficiary designations take precedent over wills.  If you do not name a beneficiary your money flows to your estate. This may tie it up for an extended period of time and will subject it to court fees.  On the other hand, an insurance company will distribute the balance of an annuity within a matter of a few weeks...

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