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here's ago and everyone my name is derek ifasi i'm the owner of a Fosse Financial Group today's topic I want to discuss with you annuity beneficiaries and what you should know about what amount of money would go to the beneficiary of an annuity contract and how that gets paid out to them now many individuals they setup annuity contracts specifically for lifetime income but more often and more than the more recent years you've seen annuity contracts to have some specific type of benefits to beneficiaries basically meaning if let's say an individual purchases an annuity contract through an insurance company the insurance company is going today it is going to take their money kind of think of it like a bucket of money depending upon what annuity contract this is have specific guarantees over that bucket make sure that they could pay that same individual a specific lifetime income amount or a specific amount of income payments for X amount of years and whatever happens in the interim let's

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