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.
The death benefit is a lump sum of cash paid out by the life insurance company when you die. If youâve ever heard someone say, âI took out a one million dollar life insurance policy,â that one million dollars is the death benefit. The beneficiary is the person or organization that will receive the death benefit.