To the Annuity Holder,annuity Payments Are

To the annuity holder,annuity payments are:

A) Fully includable in gross income.
B) Similar to life insurance proceeds in that they are excluded from gross income.
C) First considered to be a tax-free return of the original purchase price.
D) In part a return of the original purchase price and in part taxable income.
E) Revised any time the life expectancy of the annuitant changes.