When the purchaser dies, the contract terminates and the estate annuity contract or beneficiaries do not receive a refund.
a. Single premium annuity
b. Immediate annuity
c. Installment premium annuity contract
d. Survivorship benefit
e. Deferred annuity
f. Pure life
g. Life annuity, period certain
h. Annuity certain
i. Fixed-rate annuity
j. Variable annuity
