Gametes are the reproductive cells used during sexual reproduction to produce a new organism called a zygote. The gametes in males and females are different. The male gamete is called sperm. It is much smaller than the female gamete and very mobile.
Death Benefit Provision. Another important feature of some annuities is the death benefit provision. The annuity issuer guarantees at a minimum that upon your death your total premiums invested are paid to your beneficiaries. Many annuities âstep-upâ on the anniversary of the date the annuity was purchased, to the highest value at any preceding anniversary; or guarantee a minimum 5% to 7% interest compounded annually, whichever is greater.
For an annuity not in payout phase, a non-spouse beneficiary usually has three options for how to receive the death benefit. 1  Lump sum distribution (aka âBlow-outâ). 2  Annuitize the distribution over the beneficiaryâs life expectancy or a period of years (aka âStretch-outâ). Entire amount must be distributed by the 5th anniversary date of the ownerâs date of death (aka âFive Year Ruleâ).