Do Annuities Have Beneficiaries? 
That is a great question ! As annuities are an insurance product , there is the ability to structure your annuity to allow the remaining balance to pass to a beneficiary . Depending upon how you structure it , you can have your annuity pay for a certain number of years and run out ; pay until you pass , then continue to pay your spouse ; or pay the remainder to a beneficiary when you and your spouse have passed . That amount can be structured as a lump sum , -LRB- taxes ! -RRB- or a series of payments -LRB- lesser chunk of taxes -RRB- . Ask your agent to walk you through the options , ok ? Thanks for asking ! 