Life Policies: annuities payable to deceased/transferor by insurance companies: purchased life annuities: types and potential claims
When dealing with a purchased life annuity you will need to consider the circumstances of each situation to decide on the appropriate course of action.
If the annuity:
Ceases on the deceased’s death follow the guidance at IHTM20633
Continues after the deceased’s death for a guaranteed period follow the guidance at IHTM20634
Was purchased in joint names follow the guidance at IHTM20635
In some cases more than one instruction might be relevant.