If an annuitant dies during the accumulation phase of an annuity with a cash value of $70,000, how much will the beneficiary receive?

In an annuity during the accumulation phase, if the annuitant passes away, the beneficiary is entitled to receive the total cash value accumulated in the annuity. In this scenario, the cash value of the annuity stands at $70,000.

Therefore, upon the death of the annuitant, the beneficiary will receive this entire cash value amount of $70,000. It's important to note that the accumulation phase refers to the period when funds are being contributed and growing within the annuity, and the beneficiary is typically designated to receive the cash value in the event of the annuitant's death during this time. This is a key characteristic of annuities, highlighting their function as a financial product that provides financial security not just for the annuitant but also for their beneficiaries.