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In Business / College | 2025-07-08

Annuity owner dies during accumulation without naming beneficiary. Annuity's cash value exceeds premiums paid. Which of the following is true?
A. Cash value will be paid to the annuitant's estate.
B. Cash value will be paid to the state.
C. Premium value will be paid to annuitant's estate.
D. All benefits will be forfeited.

Asked by nickeyvaden1

Answer (1)

When an annuitant dies without naming a beneficiary, the cash value of the annuity typically goes to the annuitant's estate. This ensures that the value accumulated in the annuity is not lost, but rather subject to estate distribution processes. The correct option here is A, as all benefits do not get forfeited under normal circumstances. ;

Answered by GinnyAnswer | 2025-07-08

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