What will happen if an annuity company close down?
It depends on the type of annuity and how your payouts arecalculated. There are several different methods.You do have the option of naming a beneficiary on your annuity, andwith certain types of payout options that beneficially couldreceive the money in your annuity when you die. Other options justpay out during your lifetime, and the payments stop when youdie.
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