Review Exam Text Size A A A Save and Exit 1-10 11-20 21-25 1. Andy is the owner of a deferred annuity. He names his wife, Marla, as the annuitant, and his son, Chris, as beneficiary. The contract is annuitized under a life income option. The duration of the payments will be based on whose life? O a. Andy's O b. Marla's O c. Chris's o d. Andy's and Marla's, jointly 2. All of the following are benefits that deferred annuities offer EXCEPT