16. Troy purchased a deferred annuity for $100,000, naming himself and his wife as joint annuitants...

 

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16. Troy purchased a deferred annuity for $100,000, naming himself and his wife as joint annuitants and his daughter, Trudy, as beneficiary. Ten years later, the contract had grown to $235,000, and Troy decided to annuitize under a joint and survivor life payout. He and his wife had received income totaling $50,000 when Troy died. How much will daughter Trudy receive at Troy's death? a. $0 b. $100,000 c. $135,000 d. $180,000 16. Troy purchased a deferred annuity for $100,000, naming himself and his wife as joint annuitants and his daughter, Trudy, as beneficiary. Ten years later, the contract had grown to $235,000, and Troy decided to annuitize under a joint and survivor life payout. He and his wife had received income totaling $50,000 when Troy died. How much will daughter Trudy receive at Troy's death? a. $0 b. $100,000 c. $135,000 d. $180,000

Answer rating: 100% (QA)

Answer c 135000 Explanation When Troy annuitized the contract the tota... View the full answer