Who would receive the annuity assets if the owner dies before claiming the money?

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Multiple Choice

Who would receive the annuity assets if the owner dies before claiming the money?

When the owner of an annuity dies before any money is claimed, the assets go to the person named as the beneficiary. The owner is the contract holder who controls the policy, while the beneficiary is the person designated to receive the death benefit or remaining cash value. The annuitant is the life used to determine payout timing, not the recipient of death benefits, and the accumulation period is simply the phase before payouts start, not a recipient of funds. So, the designated beneficiary is the one who receives the assets upon the owner’s death.

When the owner of an annuity dies before any money is claimed, the assets go to the person named as the beneficiary. The owner is the contract holder who controls the policy, while the beneficiary is the person designated to receive the death benefit or remaining cash value. The annuitant is the life used to determine payout timing, not the recipient of death benefits, and the accumulation period is simply the phase before payouts start, not a recipient of funds. So, the designated beneficiary is the one who receives the assets upon the owner’s death.

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