The type of annuity in which all payments cease upon the death of an annuitant is referred to as a

Equity annuities are investment products that allow individuals to participate in the stock market through an annuity framework. They do not inherently have a structure tied to the annuitant's life, nor do they specify that payments cease upon death. Instead, they focus on growth potential linked to equity markets, making them distinct from life annuities.

A terminal annuity is not a commonly recognized term within annuity types; it may imply a specific payout structure but does not refer to a type of annuity that ceases upon death. This term could confuse individuals as it lacks standardization in financial contexts.

Variable annuities are investment products that provide payments based on the performance of underlying investments, typically mutual funds. While they can have death benefits, payments are not exclusively tied to the annuitant's life, making them fundamentally different from life annuities.