Ron recently purchased an immediate, straight life fixed annuity. His benefit payments will

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Ron recently purchased an immediate, straight life fixed annuity. His benefit payments will

discontinue after a stated number of years

remain a constant dollar amount for the duration of the annuity period

pay a lump sum if the annuitant dies

vary according to the underlying investment performance

Answer: remain a constant dollar amount for the duration of the annuity period

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