The "death benefit" associated with a variable annuity contract means that if the contract holder dies:. A. prior to annuitization, the amount invested in the contract is returned to a beneficiary
B. after annuitization, the amount invested in the contract is returned to a beneficiary
C. prior to annuitization, the insurance company will make a lump sum payment to complete the terms of the contract
D. after annuitization, the insurance company will pay for the insured's burial expenses

B. after annuitization, the amount invested in the contract is returned to a beneficiary

Explanation:

Annuitization: In business, the term "annuitization" is described as a phenomenon which is responsible for converting an "annuity investment" into a stream or flow of regular payments. However, with an "annuity" any financial product that is responsible for making out regular payouts after a given time of an individual, his or her investment can pay off quickly.

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d. low interest rates