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All of the following are true of an annuity owner EXCEPT 1. The owner is the party who may surrender the annuity. 2. The owner must be the party to receive benefits. 3. The owner pays the premiums on the annuity. 4. The owner has the right to name the beneficiary.

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All of the following are true of an annuity owner EXCEPT
1. The owner is the party who may surrender the annuity.
2. The owner must be the party to receive benefits.
3. The owner pays the premiums on the annuity.
4. The owner has the right to name the beneficiary.

 
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