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.

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

• What Is a Straight Life Annuity? - Investopedia - investopedia.com
• What are the different types of annuities? | III - iii.org
• What Is a Straight Life Annuity? - SmartAsset - smartasset.com