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Andy is the owner of a deferred annuity. He names his wife, Marla, as the annuitant, and his son, Chris, as beneficiary. The contract is
Andy is the owner of a deferred annuity. He names his wife, Marla, as the annuitant, and his son, Chris, as beneficiary. The contract is annuitized under a life income option. The duration of the payments will be based on whose life?
a. Andy's b. Marla's c. Chris's d. Andy's and Marla's, jointly
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