Winnie-the-Pooh just turned 65. His only two assets are a small pension, and a home he shares with his old friends Piglet and Eeyor. Poohs home is mortgage free, and he has no children. He intends to sell the home and use the proceeds to purchase an annuity. He wants an income for life, but he also wants to make sure that he is able to leave a small legacy behind in the form of a donation to preserve the Hundred Acre Wood where he spent many happy years with his friends when they were young. Which of the following statements identifies and supports his best choice of annuity?

	A joint and last survivor annuity will pay him an income during his lifetime and upon his death will continue payments to his beneficiary indefinitely.
	A cash refund annuity that will pay him an annuity for life and upon his death an amount equal to the purchase price of the annuity, less the amount already paid out to him, will be paid to his beneficiary.
	A life with a 10-year guaranteed period annuity will pay him an income during his lifetime and guarantee an additional 10 years of payments to his beneficiary upon his death.
	An installment refund annuity that will pay him an income during his lifetime and, upon his death, will continue to pay an annuity to his beneficiary until the total of the price he paid for the annuity is paid to his beneficiary.