A couple receives a set amount of income from their annuity. When the wife dies, the husband no longer receives annuity payments. What type of annuity did the couple buy

Joint life

Explanation:

The annuity called Joint life, allows a couple to pay an annuity jointly and receive all the benefits that it can promote, but only while the two members of the couple are alive. Once one of them dies, the annuity is suspended and the beneficiary who remains alive will not be entitled to anything, as shown in the question above.

"time to steal from the rich and give to the poor"

it is the background information on the characters and setting explained at the beginning of the story. the exposition will often have information about events that happened before the story began. the exposition is often the very first part of the plot.