The biggest issue in VII is getting the principal back only after the death of both the annuitant and the spouse . That money isn ' t going to benefit either of them and may not be worth giving up higher payments for . I don ' t think it ' s even worth considering esp . when in III you can get another policy for the spouse from the principal recieved . If the goal is to cover both of them and the average age of both is expected to be 85 , you can also get two policies with Option IV . That option is most benefitial for the annuitant in his older age , he recieves the highest pension possible after 10 years as he reaches 70 and his pension almost doubles by the time he reaches 8085 . <| sep |> Thanks for that I actually couldn ' t read it , was sitting there thinking the journey is the newwww ? ???