Which option provides the recipient with income that he or she cannot outlive?

The Life Income Option is designed to provide a stream of income for the recipient that will continue for their entire lifetime, ensuring financial security until death. This feature is particularly beneficial for individuals who seek stability in their retirement years or those who want to ensure that they will have ongoing income regardless of how long they live. This means that even if the recipient outlives their initial investment amount, they will still receive payments, thereby eliminating the risk of outliving their income.

The other options, while providing various forms of income, do not guarantee payments for the life of the recipient in the same way. The Fixed Period Option provides income for a predetermined period, which may not last the entirety of the individual’s life. The Life Income Joint and Survivor option, while it offers income for the lives of two individuals, might not provide benefits to just one. Finally, the Life Income with Period Certain option guarantees payments for a specific period but may provide less certainty if an individual lives beyond that period. Therefore, the Life Income Option stands out as the most comprehensive option for ensuring that the recipient will receive income throughout their lifetime.