Early death results in the loss of annuity capital in a straight life annuity.

Name: Early death results in the loss of annuity capital in a straight life annuity.
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Question

Quizplus · Accepted Answer

In a straight life annuity, payments continue for the lifetime of the annuitant. If the annuitant dies early, the remaining annuity capital is not paid out to any beneficiary or estate. Therefore, early death results in the loss of annuity capital.

Early Death Results in the Loss of Annuity Capital in a Straight