La. Civ. Code art. 2786
Current with operative changes from the 2024 Third Special Legislative Session
When an annuity is established in favor of a natural person, that person must exist or be in utero at the time of the formation of the annuity contract.
When an annuity is established in favor of a juridical person, that person must likewise exist at the time of the formation of the annuity contract.
La. C.C. § 2786