Question: An individual has annuitized his variable annuity, but died before the value of the units had been paid out. If the primary beneficiary receives the
An individual has annuitized his variable annuity, but died before the value of the units had been paid out. If the primary beneficiary receives the remaining value, what payout option was selected by the annuitant?
QID:
Mark For Review
AUnit refund life annuity
BLife annuity with period certain
CStraight life only
DPredetermined payment
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
