Which annuity payout option pays for the annuitant's lifetime only, with no payments to beneficiaries after the annuitant's death, and produces the largest periodic benefit?

Why this is the answer

Among annuity payout options, the straight life (also called 'life only' or 'pure life') annuity produces the largest periodic payment because the insurer's liability terminates at the annuitant's death, with no refund of remaining principal and no continuing benefits to anyone. Life with period certain pays for the annuitant's life but guarantees a minimum number of payments — typically 10 or 20 years — to a beneficiary if death is early. Joint and survivor continues to a surviving annuitant. Cash refund returns any unpaid principal to a beneficiary. Per the Florida Agent's Health & Life Exam Content Outline §I.D.6.