Exam term
Annuity death benefit
The amount paid to the beneficiary if the owner or annuitant dies before annuitization, typically the greater of account value or premiums paid less withdrawals. Surrender charges generally do not apply to it.
Exam term
The amount paid to the beneficiary if the owner or annuitant dies before annuitization, typically the greater of account value or premiums paid less withdrawals. Surrender charges generally do not apply to it.