QuestionJuly 26, 2025

5. For whom is joint ownership of an annuity often reserved? a. spouses b. an individual and any family member c. two or more business partners d. trusts

5. For whom is joint ownership of an annuity often reserved? a. spouses b. an individual and any family member c. two or more business partners d. trusts
5. For whom is joint ownership of an annuity often reserved?
a. spouses
b. an individual and any family member
c. two or more business partners
d. trusts

Solution
4.6(270 votes)

Answer

a. spouses Explanation 1. Identify common joint ownership scenarios Joint ownership of an annuity is typically used to provide benefits for two people who have a close relationship, often for estate planning or financial security purposes. 2. Determine the most common relationship Spouses are the most common pair for joint ownership due to shared financial goals and legal benefits.

Explanation

1. Identify common joint ownership scenarios<br /> Joint ownership of an annuity is typically used to provide benefits for two people who have a close relationship, often for estate planning or financial security purposes.<br /><br />2. Determine the most common relationship<br /> Spouses are the most common pair for joint ownership due to shared financial goals and legal benefits.
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