Tim Hurts bought an annuity for his spouse today. The annuity will being to make monthly payments in $5$ months, at the beginning of each month, in the amount of $$1500$ a month for life. The annuity has a return of premium feature in the event of death, and survivor benefits. It is not indexed to inflation but offers variable income. This type of annuity is referred to as a:

Question $20$ options:

individual variable insurance contract

deferred ordinary annuity

deferred annuity due

registered annuity due

immediate annuity due

immediate ordinary annuity