Some insurers offer a single-premium deferred annuity that does not begin paying benefits until an advanced age,such as 85.This product is called a(n)

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The product described is a longevity annuity, which is designed to provide a guaranteed stream of income starting at an advanced age, such as 85. The premium is typically paid upfront, and the longer the deferral period, the higher the payout rate. This type of annuity can help retirees protect against the risk of outliving their savings. Options A, B, and C refer to different types of annuities but do not fit the description of a product that starts paying benefits at a very advanced age.

Some Insurers Offer a Single-Premium Deferred Annuity That Does Not