Ask Question
9 December, 22:22

G purchased a $50,000 single premium, straight life annuity 2 years ago. g has been receiving monthly payments from the annuity. when g dies, the insurer

+3
Answers (1)
  1. 10 December, 00:16
    0
    The answer is that when g dies, the insurer should stop making payments and d oes not have to make any further payments because as he purchased straight life annuity and according to Straight Life Annuity, when the annuitant dies, the insurer does not have to make further payments.
Know the Answer?