A tenant leased property from an owner with a promise that the tenant would be obligated to purchase the property at a set price in the future. This type of arrangement would be described as a:

Samantha is employed as a sales engineer in a large medical products firm. The _______ of her job include commission on the sales she generates, quarterly performance bonuses, and stock options.

Fill in the blank(s) with the appropriate word(s).

Larry owns a deferred annuity for which his spouse, Karen, is the designated annuitant and his son, Chris, is the designated beneficiary. If Larry were to die before the contract is annuitized, to whom would the contract's death benefit be payable?

A) Larry's estate B) Chris C) No one; there is no death benefit under these circumstances D) Karen