Today, Janet (age 25) purchased an installment-premium fixed annuity. She will pay a premium of $1,000 each year until age 65, at which point she will begin receiving a monthly benefit of $1,500. If Janet dies prior to reaching age 65, the insurer will pay nothing. If she lives to age 65, the insurer guarantees that the monthly payments will continue until either Janet and/or a beneficiary receives an amount equal to the $40,000 she has paid in premiums. Which of the following describes this annuity? (Check all that apply.) deferred annuity immediate annuity pure annuity installment refund annuity cash refund annuity