Question: Travis has purchased an annuity to help offset the cost of retirement and reduce the likelihood that he will run out of money before he

Travis has purchased an annuity to help offset the cost of retirement and reduce the likelihood that he will run out of money before he dies. If his annuity pays him $2,000 per month for his life, it is a
Select answer from the options below
fixed joint and survivor annuity.
fixed life annuity.
variable life annuity.
deferred variable annuity.

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