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For whom is joint ownership of an annuity often reserved?(Search Chapter 1)a. spousesb. an individual and any family memberc. two or more business partnersd. trusts
For whom is joint ownership of an annuity often reserved?(Search Chapter 1)a. spousesb. an individual and any family memberc. two or more business partnersd. trusts
Spousesare joint ownership of anannuityoften reserved. Thus, option (a) is correct.Such a contract would be anannuitybetween a two-person party and an insurance provider. A joint and survivor annuity is a frequent type of annuity involving jointannuitants.Aspousescontract known as a joint annuity offers two people, typically a married couple, lifelong income. A person who owns anannuitymay also co-own it with another person.As a result, the significance of thespousesare joint ownership of an annuity typically reservedare the aforementioned. Therefore, option (a) is correct.Learn more about onspouses, here:brainly.com/question/13681604#SPJ1...
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