An annuitant paid $100,000 for an annuity on June 1 and expects to receive lifetime benefit payments beginning on July 1. This is an example of which of the following annuities?

This option would involve a single payment upfront, like in the given scenario, but with a deferred start to the benefit payments. Since the annuitant in this case starts receiving payments immediately, it does not align with the Single Premium Deferred annuity, where payments are delayed.

While the annuitant's payment could potentially be flexible, the immediate receipt of benefit payments does not match the characteristics of a Flexible Premium Immediate annuity. This type typically allows for varying premium payments but with immediate payouts.

A Flexible Premium Deferred annuity would involve the annuitant making variable payments over time before the benefit payments begin. Since the annuitant in this case made a single payment and started receiving benefits immediately, it does not fit the description of a Flexible Premium Deferred annuity.