Loma 281 module 2 stuvia - Study guides, Class notes & Summaries

Annuity - ANSWER insurance against the risk of outliving one's financial resources annuity contract - ANSWER A contract under which an insurer promises to make a series of periodic payments to a named individual in exchange for a premium or a series of premiums. contract owner - ANSWER The person or other entity who owns and exercises all the rights and privileges of an annuity contract. annuitant - ANSWER The person whose lifetime is used to determine the amount of benefits payable un...