Tony, age 65 and in excellent health, wants to buy an annuity with $100,000 he recently gained on the sale of his home. He wants to select an income option that will provide him the highest monthly income possible. Which annuity income option best meets Tony's objective?

A) It is not possible to answer this question with the limited information provided.

B) A 10-year period certain and life annuity income option.

C) An installment refund annuity income option.

D) A straight life annuity income option.

Answer: D) A straight life annuity income option.

Insurance

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