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37. At the age of 53 , Vance invested $50,000 in an annuity. The contract provides that no less than a minimum of $81,000 will
37. At the age of 53 , Vance invested $50,000 in an annuity. The contract provides that no less than a minimum of $81,000 will be available for annuitization in ten years, regardless of the actual performance of the contract's underlying subaccount investments and the contract's actual values. This guaranteed amount is available only if Vance elects annuitization. What did Vance purchase
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