Brad funded a life annuity through installment payments. At age 60 , he decided to elect an annuity settlement option and to begin to receive payments. Which of the following life income options will provide Brad with the highest monthly income? Ife income with payments guaranteed for 20 years life income with payments guaranteed for 10 years life income with payments guaranteed for 15 years straight life annuity life income with payments guaranteed for 5 years The "difference" in the buy term and invest the difference strategy is the difference in between term life insurance and whole life insurance. sales commission premiums expense loads average insured's life expectancy dividends