Question
Bob purchased an annuitant-driven contract and named his wife, Charlotte, its annuitant. The contract's guaranteed death benefit is $120,000, and its cash value is $80,000
Bob purchased an annuitant-driven contract and named his wife, Charlotte, its annuitant. The contract's guaranteed death benefit is $120,000, and its cash value is $80,000 at the time of Bob's death. What death benefit is payable?
- a. $0
- b. $80,000
- c. $120,000
- d. $200,000
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Foreign Investment And Spillovers
Authors: Magnus Blomstrom
1st Edition
1138025976,1317685121
