The president of a company is starting an annuity and decides that his corporation will be the annuitant. Which of the following statements is true? 1. The annuitant must be a natural person. 2. A corporation can be an annuitant as long as it is also the owner. 3. A corporation can be an annuitant as long as the beneficiary is a natural person. 4. The contract can be issued without an annuitant.

The president of a company is starting an annuity and decides that his corporation will be the annuitant. Which of the following statements is true?
1. The annuitant must be a natural person.
2. A corporation can be an annuitant as long as it is also the owner.
3. A corporation can be an annuitant as long as the beneficiary is a natural person.
4. The contract can be issued without an annuitant.

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"