: David and Suzan are meeting with their life licenced insurance agent to discuss transferring David's GRRSP into an annuity. They have done some research into various investment options and determined that an annuity is what they feel most comfortable with. Still, they are confused about the different kinds of annuities available. They tell their insurance agent that the income from the annuity is meant to fund their basic living expenses, and that they do not expect this amount to diminish very much in the event either of them passes away. What type of annuity would best suit David and Suzan's needs? OA T-90 annuity on each of their lives. O A joint and last survivor annuity. OA life annuity on each of their lives. OA life annuity on David's life with a 15-year guarantee period.
