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