Life · Chapter 9 · Parties
Annuity Beneficiary
Definition
Receives any funds remaining at death — e.g., contributions plus interest if the owner dies during the accumulation period. If no beneficiary is named and the owner dies before annuitization, proceeds go to the owner's estate.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
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