What Happens If You Win Set For Life & Then Die?

The National Lottery’s Set For Life game offers a unique jackpot prize – monthly payments of £10,000 for 30 years. But what happens if the winner passes away before the full 30 years are up? In this article, we’ll explore the various scenarios and rules that apply in this situation. 

An Overview of Set For Life

Set For Life is an annuity lottery, the first of its kind in the UK. The game was launched in March 2019 and has since paid out its top prize to a number of players. But unlike other lotteries, Set For Life does not offer a lump sum payout option. Instead, the top prize is split into monthly instalments of £10,000 over a 30-year period. The second-highest prize tier offers £10,000 a month for one year, and the following lower tiers offer fixed lump sum cash prizes. 

Does Set For Life Continue After Death?

If a Set For Life winner passes away before the 30-year annuity period is up, the remaining winnings are not lost. The National Lottery has provisions in place to ensure that the remaining prize money is not wasted. 

The outstanding winnings are paid out in a lump sum to the winner’s estate. This sum can then be distributed to the deceased’s family or dependents in accordance with their will or the law if no will exists. 

Can Set For Life Be Inherited?

Yes, the remaining balance of the Set For Life prize can be inherited by the winner’s estate or passed on to their beneficiaries. However, the winner cannot transfer the instalments into someone else’s name while they are still alive. 

Can You Take a Lump Sum on Set For Life?

No, Set For Life winners cannot opt for a lump sum payout. The only exception to this rule is if the winner dies before all the payments are made. In this case, the remaining balance is paid out as a lump sum to the winner’s estate. 

Set For Life Rules After Death: What Happens When You Die?

Upon the death of a Set For Life winner, the National Lottery pays the remaining balance of the prize money as a lump sum to the winner’s estate. If the winner has a will and has named a beneficiary, the money goes to that person. If there is no will, the money is distributed according to the law. 

If no living relatives can be found, or if no one claims the money within the stipulated period (usually 180 days), the money may be donated to the National Lottery’s charity fund. 

Is Set For Life Worth It?

While the annuity structure of Set For Life may not appeal to everyone, the top prize does offer a guaranteed income for a long period of time. And, with the provision for the remaining balance to be paid out as a lump sum in the event of the winner’s death, it ensures that the prize money does not go to waste. 

However, the chances of winning the top prize are slim – approximately 1 in 15.3 million. But as with any lottery, it’s all a game of chance. So, while there’s no guarantee you will win, there’s also a chance you could.

Please gamble responsibly. 

*All values (Bet Levels, Maximum Wins, etc.) mentioned in relation to this game are subject to change at any time.

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