The "death benefit" associated with a variable annuity contract means that if the contract holder dies:

The "death benefit" associated with a variable annuity contract means that if the contract holder dies:



A. prior to annuitization, the amount invested in the contract is returned to a beneficiary

B. after annuitization, the amount invested in the contract is returned to a beneficiary

C. prior to annuitization, the insurance company will make a lump sum payment to complete the terms of the contract

D. after annuitization, the insurance company will pay for the insured's burial expenses



Answer: A.

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