22+ Death Benefit Settlement Converted To Annuity
Background. Most annuities have some sort of death benefit, which means that at least one survivor will take it over. Under the life income settlement option, the beneficiary is able to have the benefits converted into an annuity which the policyowner may select a settlement option at the time of the application and may change the option.
Under the life income settlement option, the beneficiary is able to have the benefits converted into an annuity which the policyowner may select a settlement option at the time of the application and may change the option.
Under the life income settlement option, the beneficiary is able to have the benefits converted into an annuity which the policyowner may select a settlement option at the time of the application and may change the option. Return, annuity, insurable interest, insurability. A type of fixed annuity called a deferred income annuity has been growing in popularity. It offers predictable, guaranteed lifetime income beginning on these annuities are usually sold with a feature called a guaranteed lifetime withdrawal benefit, which allows investors to participate in future market.