An applicant buys a nonqualified annuity, but dies before the starting date. For which of the following beneficiaries would the contract's interest NOT be taxable
An applicant buys a nonqualified annuity, but dies before the starting date. For which of the following beneficiaries would the contract's interest NOT be taxable
A) Charitable Organization
B) Dependents
C) Annuitant
D) Spouse
Answer: Spouse
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