Which of the following is a primary reason for considering an immediate annuity?
1. It protects against longevity risk (outliving your income)
2. It maximizes inheritance for your heirs
3. It protects against overspending risk
4. It provides tax-free income for life
Select one
A. 1 and 4
B. 2 and 3
C. 1 and 3
D. 1, 2, 3, and 4