Which of the following annuity types would NOT be acceptable for a 39-year-old female looking for income starting at age 60?

An immediate annuity is designed to start paying out income almost immediately after the initial purchase, typically within a year. For a 39-year-old individual who is looking to begin receiving income at age 60, an immediate annuity would not be suitable because there would be no time to accumulate the required funds to provide the desired income.

On the other hand, a deferred annuity, fixed annuity, and variable annuity would allow the policyholder to make contributions over a period of years, accumulating benefits until they begin to draw income at a later date, such as at age 60. Deferred annuities specifically provide a timeline for growth and payout, making them appropriate for long-term savings leading to future income. Fixed and variable annuities also serve similar purposes, enabling the individual to choose how their funds grow before the payout phase begins.

Thus, the immediate annuity does not align with the individual’s intention of delaying the start of income until their retirement age.