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In Business / College | 2025-07-07

Who has the contractual rights in an annuity?
A. The insurer
B. The owner (if different from the annuitant)
C. The beneficiary
D. Always the annuitant

Asked by ninetejayven

Answer (2)

The contractual rights in an annuity are primarily held by the owner of the annuity, especially if they are different from the annuitant. The owner controls modifications to the annuity and retains rights until it moves to payout. The insurer has obligations to fulfill, while beneficiaries receive funds but do not have contractual control. ;

Answered by GinnyAnswer | 2025-07-07

The owner of an annuity holds the primary contractual rights, especially if different from the annuitant. The insurer's role is to fulfill payment obligations, while the beneficiary receives benefits after the death of the annuitant. Therefore, the correct answer is B: The owner (if different from the annuitant).
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Answered by Anonymous | 2025-08-19

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