Inherited Annuity

[TJK64]

I inherited a non-qualified annuity from my mom which has a guaranteed minimum income benefit (GMIB) rider value that exceeds the cash value of the policy. She had not annuitized the policy yet. So rather than receiving the cash value (whether lumpsum, 5 year, or stretch), can I annuitize this inherited policy and receive the GMIB value or does the GMIB rider only apply to my mom if she had annuitized it before passing?

[Critter-3]

This is a question for the annuity to answer as to what you can or cannot do with the inherited annuity.  Then they will report whatever distribution you get (if any) on a 1099-R.   Now if this annuity is inside an IRA then you will have to distribute all the funds within 10 years of the decedent's death.