What If I Die Shortly After I Invest In A Manulife Annuity?
With a Manulife Annuity, you can choose from various guarantee periods that can ensure that your estate, or your designated beneficiaries, continue to receive income payments in the event of your death. Guarantee periods can range from zero to more than 25 years. The best part is that the guarantee option is totally up to you.
In general, choosing a longer guarantee period will decrease the amount of income produced. Longer guarantee periods require more funds to be set aside by Manulife to provide for the additional guaranteed payments.
For Term Certain Annuities, payments will continue until the end of the specified term. Even if you die before the term ends, the annuity payments will continue to your estate, or your designated beneficiary, until the end of the term.
