Which type of annuity gives more income per dollar of outlay than any other type?

Question

Quizplus · Accepted Answer

The straight life annuity provides the highest income per dollar of outlay compared to other types of annuities because it provides payments for the lifetime of the annuitant without any guarantees or additional features such as death benefits or period certain options. This means that the insurance company is assuming a higher risk, so they can pay out a higher amount each month.

Which Type of Annuity Gives More Income Per Dollar of Outlay