Final answer:Tori's annuity seems to be a life annuity with a period certain that pays a fixed income for life or ten years, whichever is longer. Among given options, the closest match is an immediate annuity as it provides a regular payment stream right away.Explanation:The type of annuity Tori has is a life annuity with a period certain, which guarantees payments for the lifetime of the annuitant or for a specified period (in this case, ten years), whichever is longer. This specific feature ensures that if the annuitant passes away before the end of the predetermined period, the benefits continue to be paid out to a beneficiary until the end of that period.However, the options given in the question (fixed, variable, immediate, and deferred) do not directly describe this type. If we need to classify within the given options, immediate annuity could be the closest match, because it starts paying out right away, as opposed to a deferred annuity which starts payments at a future date.Annuities in general are financial products designed to provide a steady income stream to individuals, typically during retirement, in exchange for a lump sum payment or a series of payments made to the insurance company. They can have various features such as a fixed payout, where the payment amount does not change, or variable payouts, where payments can fluctuate based on the performance of the underlying investments.option c...

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