What annuity option would provide Elaine with the most secure income after Jerry's death?

The survivorship annuity is designed to provide a steady stream of income to a surviving spouse or partner in the event of the other’s death. In the context of the question about Elaine and Jerry, selecting this option ensures that after Jerry passes away, Elaine will continue to receive payments for a specified period or for the rest of her life. This structure helps secure her financial stability during what can be a challenging emotional and economic time.

While other annuity options may provide regular income, they do not include the same level of security for the surviving partner. A straight life annuity, for example, would cease payments upon Jerry's death, leaving Elaine without support. The prescribed annuity, while tax-efficient, does not necessarily guarantee ongoing support after the death of a partner. Finally, a deferred annuity starts payments at a later date and does not provide immediate income or protection for Elaine after Jerry's passing.

Therefore, the survivorship annuity is the most appropriate choice for ensuring Elaine's ongoing financial security following Jerry's death, offering her the most peace of mind in terms of continued income.