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At the time that George bought his life annuity,his life expectancy was 20 years. However,George lived for 50 more years and died at age 117.

At the time that George bought his life annuity,his life expectancy was 20 years. However,George lived for 50 more years and died at age 117. What happened to his annuity after he reached his life expectancy? A ( A ) Nothing; it continued to pay the same benefit. B ( B ) The periodic income stopped. C ( C ) The annuity income became tax-free. D ( D ) The annuity income increased to offset inflation.

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