Multiple choice general knowledge

__________ is the person who receives the death benefit in the event of the death of the contract owner or annuitant during the accumulation phase.

  1. Beneficiary

  2. Contractor

  3. Actuary

  4. Agent
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A beneficiary is the person designated to receive the death benefit if the contract owner or annuitant dies during accumulation. This ensures the accumulated value passes to the intended recipient rather than being lost.

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