Term Answer Description A. This is the fund available to the purchaser's beneficiaries. Single premium annuity contract Immediate annuity 0 This annuity's monthly income varies as a function of the insurer's actual investment experience. 0 C. Installment premium annuity contract The insurance company safeguards the principal and agrees to a minimum interest rate over the life of the contract. Survivorship benefit 0 Often purchased by individuals, this annuity allows periodic payments made over time. This type of contract allows cash benefits to be stretched for several years. Deferred annuity 0 E. Pure life 0 The purchaser receives a specified amount of income for life, without regard to the distribution period and with the contract terminating upon death. This annuity, if purchased right before retirement, has the stream of monthly benefits beginning a month or so after purchase. 0 G. Life annuity, period certain Annuity certain 0 H. In this type of contract, the benefits aren't limited to the purchaser only but may extend to named beneficiaries. Fixed-rate annuity I. This annuity usually requires a minimum investment ($2,500 to YOOOO) OUTCOPO DIDOJO DOO of creating a future stream of income. Variable annuity Without regard for life contingency, this annuity specifies monthly income for a stated number of years