0
What is the name of the person whose life an annuity policy is taken out on?
Wiki User
∙ 6y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is a period certain annuity and a life annuity?
A period certain annuity guarantees payments for a specific period, such as 10 or 20 years, regardless of the annuitant's lifespan. A life annuity provides payments for the lifetime of the annuitant, ensuring income for as long as they live but ceasing upon their death.
What is a lifetime?
A lifetime annuity is an annuity that is purchased with a payout period that will, in most cases, give a predictable payment each month for the lifetime of the annuitant (the individual whose life the annuity is on).
Why would a person only get car insurance for a day?
A person may need cover for a single day if they have borrowed a car from someone whose own insurance policy does not cover this. Similarly, it could be taken out by someone who has lent a car to someone else.
What is the difference between a policy holder and a beneficiary?
the person in whose name the policy is issued legally is known as policy holder the person who gains insurance cover is known as beneficiary ,it may be himself or dependents(nominees)
Whose insurance will cover claim if one spouse excluded in state of Texas?
The Excluded person would have no coverage under the policy. That person would have to have had their own separate policy or there is "no" coverage.
Can you give a sentence with the word who's?
Who's means who is or who has:'Who's going to take the dog for a walk this morning?''I don't know who's taken the dog for a walk this morning.'It should not be confused with the interrogative and relative possessive pronoun whose:'Whose dog has he taken for a walk?''The person whose dog he has taken for a walk is my uncle.'
What rights do you have over a life insurance policy taken out by your parents while you were an adult?
If your parents took out a life insurance policy and paid for it, the policy belongs to them and even if you are the person whose life is insured, that does not give you rights over that policy. I am not entirely sure why your parents would feel the need to have life insurance for their adult progeny, but possibly they are concerned that if you were to suffer a tragic premature death, they would be stuck with funeral expenses that they could not afford to pay unless they had an insurance policy to help them.
Can a widow whose husband had a mentally retarded brother be an insurable interest a life insurance policy that was taken when mentally retarded brother lived with them for 23 years?
Consult a lawyer.
What is a lifetime annuity?
A lifetime annuity is a financial product that provides a stream of income payments to an individual for the rest of their life. It is typically purchased with a lump sum amount, and the amount of the payments is determined by factors such as the individual's age, gender, and life expectancy. Lifetime annuities offer a way to secure a guaranteed income for retirement or to provide financial security in old age.
Whose auto insurance will cover you if driving another person's car in the state of New Hampshire?
Primarily it is the other persons car but your policy may have coverages available.
Whose policy was the New Deal?
Franklin D. Roosevelt.
What is the different of who and whose?
Who is referring to a person and whose is referring to the possessive person aka the person who owns the noun
