Which type of annuity stops all payments upon the death?

Understand the Problem

The question is asking about a specific type of annuity that ceases all payments to the beneficiary upon the death of the annuitant. This relates to financial products and planning.

Answer

straight life annuity

The final answer is straight life annuity.

Answer for screen readers

The final answer is straight life annuity.

More Information

A straight life annuity, also known as a pure life annuity or life-only annuity, provides payments that end upon the death of the annuitant. This type of annuity is typically more affordable than annuities that offer death benefits or payments to beneficiaries.

Tips

A common mistake is confusing the straight life annuity with other types of annuities that have death benefits or continue payments to beneficiaries.

Sources

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