Question ID: $540772$

Jack and Jill have an annuity that covers them both. As long as Jack lives, they will receive $100\%$ payments. Ather Jack's death, Jil will receive $75\%$ of the payment amount. This kind of annuity is

A$)$ a double annuity

B$)$ an immodiate annuity

C$)$ a joint$-$and$-$survivor annuity

D$)$ a single life annuity