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What happens if an annuity winner dies before the last payment?

April 26, 2017Annuity happens payment winner

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What happens if an annuity winner dies before the last payment?

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You can, and should, name a beneficiary when you claim your jackpot prize. The prize is the winner’s property and is considered part of the winner’s estate. If a beneficiary is not designated, the prize will remain part of the winner’s estate.