Under a deferred annuity owned by a nongrantor trust, how does the annuity's death benefit operate? (Search Chapter 6)

a. The death of the trust grantor triggers payout of the contract's death benefit and termination of the contract.

b. The death of the primary annuitant triggers payout of the contract's death benefit and termination of the contract.

c. The death of the trust beneficiary triggers payout of the contract's death benefit and termination of the contract.

d. Annuities owned by a trust can continue in perpetuity; since trusts do not die, there is no death benefit payable from an annuity owned by a trust.