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Mark Milner purchased an annuity contract from the Leminster Insurance Company. Leminster used the lifetime of Mark's wife, Abby, to determine the amount and duration
Mark Milner purchased an annuity contract from the Leminster Insurance Company. Leminster used the lifetime of Mark's wife, Abby, to determine the amount and duration of the annuity payments under the contract, and Abby will also receive the annuity payments. If Abby should die before the annuity payments begin, Leminster will pay any remaining value in the contract to Mark's daughter, Trina. Select the answer choice that correctly identifies the contract owner, annuitant, and beneficiary in this situation. Contract owner Mark Mark Abby Annuitant Mark Abby Abby Beneficiany. Trina Trina Mark
Mark Milner purchased an annuity contract from the Leminster Insurance Company. Leminster used the lifetime of Mark's wife, Abby, to determine the amount and duration of the annuity payments under the contract, and Abby will also receive the annuity payments. If Abby should die before the annuity payments begin, Leminster will pay any remaining value in the contract to Mark's daughter, Trina. Select the answer choice that correctly identifies the contract owner, annuitant, and beneficiary in this situation.
Contract owner
Mark
Mark
Abby
Annuitant
Mark
Abby
Abby
Beneficiany.
Trina
Trina
Mark
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