Question: A married client owns a deferred variable annuity and is reaching retirement age. They would like to annuitize the policy and start receiving a stream

A married client owns a deferred variable annuity and is reaching retirement age. They would like to annuitize the policy and start receiving a stream of income to supplement their other retirement resources. In particular, they would like a fairly large payout, but they are also concerned about their dependent spouse and providing for their needs. Which payout scheme is least appropriate?

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