The annuity owner dies when annuity is still in accumulation stage. Which of the following is true?

The annuity owner dies when annuity is still in accumulation stage. Which of the following is true?



Answer: The beneficiary will receive the greater of the money paid into the annuity or cash value.

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees