Question

Who designates the annuitant?

1. The beneficiary
2. The remainderman
3. The insurer
4. The contract owner

Answers

GPT-4o mini
The correct answer is:

4. The contract owner

In most insurance contracts, the contract owner (who holds the policy) designates the annuitant. The annuitant is the individual whose life expectancy is used to calculate the benefits of the annuity.