Why is the annuitant's age important in the process of determining annuity payments?

Question

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An annuitant's age is important in the process of determining how long annuity payments will be made. When individuals are younger at the time of purchase, , the company will expect to pay out for a longer period of time. Similarly, when individuals are older, the payments can be higher because the company will ultimately make payments for less time.

Why Is the Annuitant's Age Important in the Process of Determining