Final answer:
An individual straight life annuity guarantees payments that continue until the annuitant's death, offering a safer but fixed income stream that doesn't adjust for inflation.
Step-by-step explanation:
Concerning an individual straight life annuity, it is accurate that payments continue until the annuitant's death. This means that once an annuity is purchased, either in a lump sum or over time, the annuitant will receive a fixed sum of money every year for the rest of their life. Unlike options such as stocks or savings accounts which can fluctuate in value and returns, an annuity provides a steady income stream, making it a safer investment. However, because the payments are fixed, they do not adjust for inflation over time, which could lead to a loss of buying power in the long term.