Planning to provide for a family's needs at the household head's death is essential. Annuities offer the security of a guaranteed death benefit, which passes to the owner's named beneficiaries free of the costs and delays of probate. With some annuities, as noted earlier in this course, if a spouse is the primary beneficiary, he or she has the option of assuming ownership of the annuity and continuing to accumulate money on a tax-deferred basis.
Retirees should continually review their estate plans because life's changes often create a need to alter these arrangements.
Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.