Martha Goodwin used a single premium to purchase an annuity from the Seascape Insurance Company. Ms$.$ Goodwin selected a payout option that allowed her to specify the amount of each annuity payment. Seascape will provide the specified payment for as long a period as Ms$.$ Goodwin's premium can provide, regardless of whether she lives or dies. This information indicates that Ms$.$ Goodwin selected an annuity payout option known as a

joint and survivor option

fixed period option

fixed amount option

life only annuity option