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Huey was offered a lump-sum cash benefit if he took an early retirement from his firm. Huey's pension does not start for another 10

 

Huey was offered a lump-sum cash benefit if he took an early retirement from his firm. Huey's pension does not start for another 10 years, so he is considering purchasing an annuity to provide an income to cover his fixed expenses until that time. Which of the following annuities would be the BEST option for Huey? variable income annuity immediate annuity life annuity accumulation annuity

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