Your client plans to retire at age 50. He would like to purchase an annuity that would provide income from the time he retires to the age when social security and other pension funds become available. What settlement option should he consider?

Your client plans to retire at age 50. He would like to purchase an annuity that would provide income from the time he retires to the age when social security and other pension funds become available. What settlement option should he consider?




A. Fixed annuity

B. Refund annuity

C. Annuity certain

D. Variable annuity



Answer: C. Annuity certain

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