https://ttlc.intuit.com/community/retirement/discussion/inherited-annuity/01/2817077#M183478 <P>I inherited a non-qualified annuity from my mom which has a <SPAN><EM>guaranteed minimum income benefit</EM> (<EM>GMIB</EM>) 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? </SPAN></P> Mon, 23 Feb 2026 10:51:34 GMT TJK64 2026-02-23T10:51:34Z https://ttlc.intuit.com/community/retirement/discussion/inherited-annuity/01/2817077#M183478 <P>I inherited a non-qualified annuity from my mom which has a <SPAN><EM>guaranteed minimum income benefit</EM> (<EM>GMIB</EM>) 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? </SPAN></P> Mon, 23 Feb 2026 10:51:34 GMT https://ttlc.intuit.com/community/retirement/discussion/inherited-annuity/01/2817077#M183478 TJK64 2026-02-23T10:51:34Z https://ttlc.intuit.com/community/retirement/discussion/re-inherited-annuity/01/2817114#M183481 <P>This is a question for the annuity to answer as to what you can or cannot do with the inherited annuity.&nbsp; Then they will report whatever distribution you get (if any) on a 1099-R.&nbsp; &nbsp;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.&nbsp;</P> Sat, 14 Jan 2023 23:08:01 GMT https://ttlc.intuit.com/community/retirement/discussion/re-inherited-annuity/01/2817114#M183481 Critter-3 2023-01-14T23:08:01Z