Amount of annuity payments in fiona situation

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Fiona is a 79-year-old widow with three adult children; two are independent and the third, Melanie, is severely disabled and financially dependent on her. Fiona was married to Frank for 45 years until he died 3 years ago. Fiona is looking to invest $400,000 in a straight life annuity. She expects that the payments from the annuity will cover her monthly living and non-discretionary expenses. Which factor will most affect the amount of annuity payments in Fiona's situation?

Reference no: EM133004881

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