Mark and Angela are a newly retired couple. In order to continue having a level, predictable teame. Mark decides to purchase an annuity with his non-registered savings. He meets with an agent than ABC Insurance Company and completes the necessary documents. His agent explains that he il begin receiving a monthly benefit of $600 the following month. His agent also confirms that, note event of Mark's death, any remaining funds will be paid to Angela in a lump sum. Which parties are involved in this contract? 

ABC Insurance Company is the insurer, Mark is the policyholder, Mark is the annuitant, and Angela is the beneficiary. 

ABC Insurance Company is the insurer and the policyholder, Mark is the annuitant, and Angela is the successor annuitant. 

ABC Insurance Company is the insurer, Angela is the policyholder, Mark is the annuitant, and Are is the successor annuitant. 

ABC Insurance Company is the insurer and Mark is the policyholder, the annuitant and the beneficiary

Answer rating: 100% (QA)

The detailed answer for the above question is provided below ABC Insurance Company ... View the full answer