2. Question: If annuities were to be a part of your retirement plan, which type of annuity would you purchase and how much of the annual inflow of funds would you require from the annuity?

Answer the following question given each of the following three scenarios: (1) You expect to be single at age 65, (2) You expect to be married at age 65 and your spouse is 5 years younger than you, and (3) you are married at age 65 and have three children ages 40, 38, and 35.