Lydia is the owner of a deferred annuity. Her mother, Janice, is the annuitant and beneficiary. The contract is owner-driven. What happens if Lydia dies while the contract is in the accumulation stage?

• a. Janice will receive the contract's guaranteed death benefit.
• b. Janice will receive no more than the contract's current value.
• c. Janice becomes the new owner and can continue the contract.
• d. The contract will become annuitant-driven since the owner has died.