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A monthly income that pays out for the lifetime of the annuitant, no matter how long the annuitant lives. (This will generate the maximum monthly payout. )
A monthly income that pays out for the lifetime of the annuitant, and at least 10 years certain no matter how long the annuitant lives. (This will generate less than the maximum monthly payout.)
A monthly income that pays out for the lifetime of the annuitant, and at least 20 years certain no matter how long the annuitant lives. (This will generate even less then the plan above.)
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