Nick is single and retired at the age of 55. He does not have any dependent family members. Nick wants to purchase an annuity that will give him the largest monthly income. What annuity would you recommend to him

Straight life annuity

Explanation:

The annuity that I will recommend to Nick is the straight life annuity. The straight life annuity gives the largest amount of periodic income.

The straight life annuity also called the straight life policy, is a retirement income that pays the benefit until the death of the person.

After the death of the annuity owner, the payment stops and any further death benefits or beneficiary payments is forgone. This makes the straight life annuity to be less expensive than other forms of annuities.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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