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.
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.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Under a deferred
(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.
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