What Beneficiary Continuation Options (BCO) are available if the Annuitant is past his/her required beginning date for Required Minimum Distributions (over age 70 1/2)?
Only the Stretch-out payments of BCO interest over life expectancy is available once the Required Beginning Date, after age 70 1/2, arrives. Minimum distributions are required for the remainder of the life of the contract (whether it is based on the Annuitants’s life expectancy or the beneficiary’s life expectancy should they choose to continue the contract when the annuitant passes). Please contact the EQUI-VEST sm Customer Service Center at (800) 628-6673 for further information.
Related Questions
- What Beneficiary Continuation Options (BCO) are available if the Annuitant is past his/her required beginning date for Required Minimum Distributions (over age 70 1/2)?
- When the account holder dies after beginning to take Required Minimum Distributions (RMDs), must the beneficiary(ies) continue to take the distributions?
- When the account holder dies after beginning to take RMDs (Required Minimum Distributions), must the beneficiary(ies) continue to take the distributions?
