Question: Your client, Carl, has a $ 1 0 0 , 0 0 0 annuity. He wants to guarantee an income for life and assurance that

Your client, Carl, has a $100,000 annuity. He wants to guarantee an income for life and assurance that no less than $100,000 will be paid out by the insurance company.
Which of the following annuitization options would you recommend for Carl?

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