Multiple choice general knowledge

If spouses are named as joint owners and joint annuitants on a annuity contract, the provision is called as __________

  1. Joint life

  2. Spousal continuation

  3. Family continuation

  4. Dependent

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Spousal continuation allows spouses to be joint owners and joint annuitants, providing continuation rights when one spouse dies. This provision ensures the surviving spouse can continue the annuity contract.