A life annuity ceases payments to the annuitant at

Question

Certilyst · Accepted Answer

A Rationale: A life annuity ceases payments to the annuitant at death. This is because life annuities are designed to provide income for the duration of the annuitant's life, ending when they pass away.

Maturity refers to the end of a financial product's term, but life annuities are not structured around a fixed maturity date.

Policy termination could imply cancellation of the contract, which is not inherently linked to the annuitant's lifespan, making it incorrect in this context.

Age 100 is not a standard termination point for life annuities, as payments end specifically upon the death of the annuitant, regardless of age reached.

Pennsylvania Life and Health Insurance Exam

A life annuity ceases payments to the annuitant at