Which of the following policies could be taken for a guaranteed life income?

The policy that could be taken for a guaranteed life income is an "annuity." An annuity is a type of insurance policy that provides regular payments to the policyholder for a specified period, usually for the rest of their life. The policyholder pays a lump sum or regular premiums to the insurer, and in return, the insurer provides regular payments to the policyholder. An annuity is a useful policy for individuals who are looking for a guaranteed income stream in retirement or for a specified period. The payments from an annuity can be fixed or variable, depending on the type of policy and the options selected by the policyholder. Endowment assurance, household policy, personal accident insurance, and consequential loss insurance are all different types of insurance policies that provide coverage for specific risks or events. However, none of these policies are designed to provide a guaranteed life income like an annuity. In summary, if you are looking for a guaranteed life income, an annuity is the policy to consider.