Answer :
Final answer:
In a Fixed annuity, the annuitant assumes no inflation risk as the insurer guarantees fixed payments, protecting against the effects of inflation.
Explanation:
An annuitant assumes no inflation risk in a Fixed annuity. In this type of annuity, the insurer guarantees a fixed stream of payments, protecting the annuitant from the impact of inflation eroding the value of their payments. Therefore, the annuitant is shielded from the risk of inflation.
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