Which one of the following statements is correct?

A. Annuity would stop strictly with the death of the annuitant

B. Annuity could be paid to the surviving spouse in case of joint life annuity

C. Both A & B

D. None of the above

Answer: Option B

Solution(By Examveda Team)

Both the statements are correct.
Annuity would stop strictly with the death of the annuitant and Annuity could be paid to the surviving spouse in case of joint life annuity.