An individual purchased a variable annuity, but died during the accumulation period. At the time of death, the value of the annuity was less than the amount invested. In this case, a beneficiary is entitled to:

QID: $5001130$

Mark For Review

ANothing, since there are no death benefits in a variable annuity

BThe amount invested in the annuity

CThe value of the annuity at the time of death

DThe fixed amount purchased at the time the annuity contract was approved