Which co-annuitants would receive the largest monthly benefit payments in a joint and 100% survivor annuity?

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In a joint and 100% survivor annuity, the monthly benefit payments are influenced by the ages of the co-annuitants at the time of the annuity purchase. The key principle here is that younger co-annuitants typically receive larger monthly payments because they are expected to live longer, which means the insurer will spread the cost of the annuity payments over a longer period.

When examining the different age pairs provided, those who are older at the time of annuity purchase typically have lower monthly payments, as the life expectancy is shorter compared to younger individuals. For example, the ages 60 and 62 represent relatively younger co-annuitants than the pairs with ages 71 and 73 or 75 and 80. Similarly, the ages 50 and 55 are notably younger, but the individuals in the option of ages 71 and 73 are older and would likely receive higher monthly payments because they are closer to the average life expectancy, which results in a higher payout amount.

Thus, the co-annuitants aged 71 and 73, being in a higher age bracket, would be expected to receive the largest monthly benefit payments. Since the benefits in a joint and 100% survivor annuity are calculated based on the

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