Which of the following statements is (are) true with regard to the inf

Which of the following statements is (are) true with regard to the inflation annuity option?

I. The initial monthly payment is lower than the initial payment a fixed annuity would have provided if purchased at the same age.
II. Periodic payments to the annuitant are adjusted for inflation.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: C