A guarantees that if the contract owner of a variable annuity dies prior to annuitization the beneficiary will receive at least as much from the variable annuity as the owner paid in premiums.

Guaranteed Death Benefit

Explanation:

A guaranteed death benefit may be defined as a benefit term which guarantees that a beneficiary will surely receive a if the annuitant expires or dies before the annuity begins paying the benefits.

It is a safety net where when the annuity dies while making the payments or the contract is in the accumulation phase.

Variable annuity is defined as an agreement or a between a person and the , under which the to make to the person, beginning either immediately or at some future date.

Thus, guarantees a beneficiary to receive payments from the variable annuity which is guaranteed by the Guaranteed Death Benefit when the contract owner of the variable annuity dies before annuitization.

the answer is a.

by: nicholas dooley

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