A longevity Annuity

Arline is a 70 year old widow with no dependents. She wants to invest in an annuity that will produce income now. She has $100,000 to invest and wants to receive the most she can in monthly income. Which of the following is the most suitable annuity for Arline based on her objective?

  • A longevity Annuity.
  • A 20 year term certain, fixed Annuity
  • An immediate, single promium life annuity.
  • A deferred, fixed annuit
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