Sheila Stewart, the beneficiary of her mother's life insurance polloy, chose to recelve the policy proceeds through a life annuity settlement option rather than through a lump$-$sum payment. This option guarantees that Ms$.$ Stewart will recelve annuity benefits throughout her lifetime and guarantees that at least the purchase price of the annuity will be paid in benefits. This information indicates that Ms$.$ Stewart selected a life annuity settlement option known as the

life income annulty with refund option

life income annuity with perlod certain option

straight life annuity option

flxed$-$pertod option