A 65-year-old client is choosing between a life-only annuity paying $3,000/month and a joint-and-100%-survivor annuity paying $2,400/month. What is the primary consideration?
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A
Tax treatment of the annuity payments
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B
Spouse's life expectancy relative to the income reduction
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C
Whether the annuity is fixed or variable
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D
The insurance company's credit rating