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Message: <blockquote data-quote="beentheredonethat" data-source="post: 4526445" data-attributes="member: 4886"><p>For management there are a handful of options.  One option is a guaranteed 10 year payout, where the retiree gets the payout (at a reduced amount) for his\her life and if he\she dies within 10 years, the beneficiary will continue to collect for the 10 year term starting with retirement date.   Your father would have had to ask for that option. ALso, if he has already been receiving payouts for 10 years, then you still would receive nothing.    Usually it is selected if the person believes there life span will be very short and be able to transfer some money to his\her heirs.  PS, sorry for your loss</p></blockquote><p></p>