If an Annuity Owner Passes Away Prior to the Time

Multiple Choice

If an annuity owner passes away prior to the time that his or her annuity contract has annuitized, then the annuity contract will provide for a death benefit to be paid to a beneficiary. This death benefit will be received __________ by the beneficiary.

A) Tax free
B) Tax deferred
C) Taxable for the amount of death benefit that exceeds the contract owner's premium
D) None of the above