Annuities & Pensions Insurance Center
Annuities & Pensions Insurance Q & As
Question 6 of 31 in Basics
Can an annuity include provisions to guarantee my beneficiary will at least get my investment back if I die prematurely?
Yes. Many types of provisions have been devised for this purpose. For example, the income can continue to a second person. Or, the contract can guarantee a lump sum payment or a minimum number of payments. Annuities that include such provisions will return somewhat lower payments than those annuities which do not have such provisions.