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- Fri Dec 28, 2012 8:20 pm
- Forum: Personal Finance (Not Investing)
- Topic: Receiving the death benefit of an annuity
- Replies: 1
- Views: 302
My grandmother had a multi-rate annuity and named me as the beneficiary for the death benefit. It's not a particularly large annuity... $26K current balance. She opened it about 2.5 years ago by investing a single lump sum of $24,500. Her entire estate is probably worth around 300K. Conveniently, I ...