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Who’s Who in a Fixed Index Annuity - Elite Financial Services
Insurance Company: This is the company that issues the annuity. The insurance company is responsible for backing the annuity’s guarantees. Contract Owner/Annuitant: These usually are the same person, but they can be different. The owner makes decisions about the annuity, such as who the beneficiaries are. The annuitant is the person whose life expectancy is …