Ali has been comparing the rates of several insurance companies to put $250,000 toward the purchase of
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Question:
Ali has been comparing the rates of several insurance companies to put $250,000 toward the purchase of an annuity. He is worried about his spendthrift spouse, Hadassah, and wants an annuity to ensure that there will always be a minimum amount of money for her. What is Ali’s role?
a)the annuitant
b)the annuity provider
c)the annuitant grantee
d)the annuity holder
Expert Answer:
ANSWER C the annuitant grantee An annuitant is an individual who is entitled to collect the regular ... View the full answer
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