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Parties to the Contract
Insurer: Issues the contract; accepts either single premium (lump sum) or multiple premiums from the contract owner.

Owner: Purchases the contract; designates the beneficiary; determines when to annuitize, withdraw, or transfer.

Annuitant/Payee: Receives the annuity payments.

Beneficiary: Person or entity receiving the annuity death benefit.



Last Updated: 9/23/2012 10:05:00 PM