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S recently received a $500,000 lump sum retirement buyout from her employer. She would like to buy an annuity that will immediately furnish her with a guaranteed income for life. What type of annuity is best suited for her situation? Single Premium. Immediate Annuities are purchased with a single lump sum payment and will start providing income payments within the first year, but usually starting 30 days from the purchase date. What type of group plan involves employees sharing the cost? contributory plan. Which of these circumstances is a Business Disability Buy-Sell policy designed to help in the sale of a business? Business owner becoming disabled. A business Disability Buy-Sell policy is signed to assist in the sale of a business when one of the owners becomes disabled.