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Tag Archive: annuitant driven annuity contract

Annuity Contract Education: Owner Driven vs. Annuitant Driven

Annuity Contract Education: Owner Driven vs. Annuitant Driven

Written By: Lyndol Anderson in Abilene, TX For persons interested in setting up an annuity, knowledge of the difference between an owner driven contract and an annuitant driven contract is very important.  It is sometimes very hard to distinguish but the differences between the two can have an undesired effect upon control of the contract and the distribution of the account value. The core discrepancy between the two styles of annuity contracts comes into play when there is a death of the owner and/or annuitant....

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