OK. Did some brief research. If Ted got a life-only annuity (see http://www.fool.com/retirement/annuities/annuities01.htm ), then there won't be anything. Otherwise, it looks like you get get a lump sum at probate (see http://www.ehow.com/about_6628284_annuities-transfer-death.html ). There's no concept of a "roll over" or "transfer" since your age is different than Ted's.