Under what condition can a beneficiary claim against a life annuity after the annuitant's death?

A beneficiary can claim against a life annuity if the life annuity provides a guaranteed payout. This condition is significant because it ensures that there is a preset amount of money that will be distributed to the beneficiary, regardless of whether the annuitant has passed away early in the payout period.

Guaranteed payout options in a life annuity typically involve a minimum number of payments that will be made to the annuitant or their estate, even if the annuitant dies before receiving the full amount. This structure protects the financial interests of the beneficiary, providing them with a safety net that allows them to receive funds after the annuitant’s death.

In contrast, other conditions such as whether the annuity is registered or if it is classified as a prescribed or impaired life annuity do not automatically confer rights to beneficiaries after the annuitant's death. The critical factor is the guaranteed aspect of the payout, which directly addresses the potential for the beneficiary to receive compensation even if the annuitant exits the scenario before the full value of the annuity is realized.