The person or entity that purchases an annuity is called:
A)beneficiary.
B)recipient.
C)annuitant.
D)owner.
E)holder.

Name: The person or entity that purchases an annuity is called: A)beneficiary. B)recipient. C)annuitant. D)owner. E)holder.
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Question

Quizplus · Accepted Answer

The person or entity that purchases an annuity is referred to as the "owner." The owner is responsible for making decisions about the annuity, such as selecting beneficiaries and choosing payout options.

The Person or Entity That Purchases an Annuity Is Called