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Jack is 65 years old and is about to retire. His table life expectancy is 20 years. He has $100,000 in his pension plan, which

Jack is 65 years old and is about to retire. His table life expectancy is 20 years. He has $100,000 in his pension plan, which provides for annuity options, not lump-sum distribution options. Jack has four daughters and wants to make sure he receives all of the $100,000 and that he can leave his other assets to his children. He wants to participate in equity returns. Which of the following is the most suitable for Jack? Group of answer choices A single-life annuity. A joint-life annuity with his children. A single-life, fixed annuity with a term certain of 20 years. A single-life, variable annuity with a term certain of 20 years

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