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2. Franklin was an annuity owner and was receiving annuitized monthly income payments that would have continued for an additional two years at the time
2. Franklin was an annuity owner and was receiving annuitized monthly income payments that would have continued for an additional two years at the time of his death. His daughter is the beneficiary and wants to delay receiving benefits under the annuity until she retires in ten years. What option is available to her?
- a. She first has to elect to become the contract owner and can then delay receiving benefits for as long as she wishes.
- b. She may take lifetime periodic payments under the annuity.
- c. She must take distributions from the annuity at least as quickly as they would have been distributed if Franklin were still alive.
- d. She must take an immediate lump-sum distribution of all remaining interest.
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