If the policy is life insurance or an annuity, except Annuitant
Step-by-step explanation:
The Annuitant is a person who has the right to reimbursement. After 2000, federal and state governments have been accepting retiring employees in the United States of America, without losing their pension benefits. Such a re-hire is considered a retirement employee.
The annuity beneficiary may appoint one or more spouses, such as a partner and an elderly parent, based on the terms of the arrangement, or may negotiate a standard rent. If required, the retirement party can also agree to pass the payments to the survivor's spouse. In any situation, the annuity person must be an individual, not an entity or a trust.