Have you ever struggled to answer the question “if the annuitant dies before the annuity start date” in relation to the concept of Insurance? There’s no need to worry about it anymore. This post contains the correct answer to your question.
If the annuitant dies before the annuity start date
Options:
a) the benefits will be given tax-free only to a stated beneficiary
b) nothing is given to the beneficiary
c) the premiums paid will be given to the beneficiary
d) the premiums paid plus interest earned will be given to the beneficiary
The Correct Answer Is:
- d) the premiums paid plus interest earned will be given to the beneficiary
Conclusion
The answer to your question “if the annuitant dies before the annuity start date” should now be clear for you. I appreciate you coming here to find the answer to your question and best wishes for your preparation related to various Insurance topics.