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An annuity contract in which the owner and annuitant are two different parties is known as:

A. owner driven
B. investor driven
C. annuitant driven
D. beneficiary driven


Sagot :

Final answer:

An annuity contract where the owner and annuitant are different parties is referred to as beneficiary driven.


Explanation:

An annuity contract in which the owner and annuitant are two different parties is known as beneficiary driven. In this type of annuity, the owner purchases the annuity for the benefit of another individual, who is the annuitant.


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