Sometime around 1991 little wifey and I invested $50k in a Northwestern Mutual annuity. When I turned 62, the annuity had grown to a little over $150K. The contract called for a minimum of 3.5%, which pays us a monthly amount of $442. My accountant claims it as $5300 payout all fully taxable. Over the years my statement has always shown that the amount in the account has remained at $150K. My question is this: Upon my death, what becomes of the $150K? My accountant claims that it is an asset of my estate. From what I have been able to glean from the internet, the insurance company keeps it. Any info is appreciated.