As with all life insurance products, sometimes the client makes money, and sometimes the insurance company makes money. That is how the insurance company is able to continually serve new clients.
If you are asking who gets the money accumulated by an annuity, it depends on the type of annuity, and when the insured person dies. It may be the client, or it may be their beneficiary, who collects the money.
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If you are asking who gets the money accumulated by an annuity, it depends on the type of annuity, and when the insured person dies. It may be the client, or it may be their beneficiary, who collects the money.