Question

The annuity that represents the largest possible monthly payment to an individual annuitant is a(n) :

1) Immediate annuity
2) Deferred annuity
3) Fixed annuity
4) Variable annuity

Answer 1

A fixed annuity represents the largest possible monthly payment to an individual annuitant.

Step-by-step explanation:

The annuity that represents the largest possible monthly payment to an individual annuitant is a fixed annuity. An annuity is a financial product that provides a series of regular payments to an individual. In the case of a fixed annuity, the payments are predetermined and do not change over time.