Paul is 62 years old and has been afflicted with multiple sclerosis for over 10 years. He
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Question:
Paul is 62 years old and has been afflicted with multiple sclerosis for over 10 years. He has never married but has a 30-year-old son from whom he is estranged. Paul has $200,000 to invest in an annuity. Which type of annuity would provide the most benefit to Paul?The correct answer is:
A.Joint and last survivor annuity.
B.Impaired life annuity
C.Indexed annuity.
D.Life annuity with 10-year guaranteed payout period.
Expert Answer:
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