B1. Should purchasers of single-premium immediate annuities receive the same annuity income regardless of their health? If an insurer decided to differentiate payments on the basis of health status, would healthier individuals receive more or less monthly income than unhealthy persons? Why? Do you think there would be a market for this type of annuity product? Why or why not?

B2. In your opinion, are annuities more like insurance or investments? Discuss the arguments that could be used to support each choice.