Maggie and Fern are both in their late 70s. They have lived together for over 40 years, and got married last year. They have no children. Maggie used to be a high school principal and has total investments of over $500,000. Fern did not work outside the home. Maggie is thinking of using $350,000 from her portfolio for a guaranteed income stream.

Which annuity option would be most appropriate in Maggie and Fern's situation?

A.Maggie should get a term annuity to age 90.

B.Maggie should get a joint and last survivor annuity.

C.Maggie should get a cash refund annuity.

D.Maggie should get a life annuity with a 10-year guarantee period.