In a joint life annuity, what would happen to annuity payment if the spouse is to predecease the annuitant?
A
Annuity would continue
B
Annuity would cease
C
A & B correct
D
None of the above
Correct Answer: Annuity would cease
In a joint life annuity, Annuity would cease if the spouse is to predeceased the annuitant.