The kind of annuity does Lila own is: variable immediate annuity.
Variable immediate annuity can be defined as the type of annuity that vary or fluctuate based on the type of investment you choose or pick.
In this type of annuity the payment you will receive will not be fixed reason being that payments that will made to you will always increase or decrease.
Therefore the kind of annuity does Lila own is: variable immediate annuity.
Learn more about variable immediate annuity here:https://brainly.com/question/13644926
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