A retired couple would like to maximize the income derived from their life savings and have it payable until they both die. Which annuity would be their best choice?

Insurance

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A retired couple would like to maximize the income derived from their life savings and have it payable until they both die. Which annuity would be their best choice?

Fixed annuity

Survivorship annuity

Joint life annuity

Joint and survivor annuity

Answer: Joint and survivor annuity

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