Select Silver contract owner, Edward, is age 54. Renew to a guaranteed period of one, three , five, or seven years .  The withdrawal charges are now at zero , so the client may withdraw the funds. The client needs to be made aware of the potential 10% penalty for early withdrawals prior to age 59 . Renew to a guaranteed period from one to five years, depending on availability. IV. At the end of the fifth contract anniversary, the contract has matured; therefore the contract must be settled to an income plan.

What are his options at the end of the fifth anniversary of owning the contract?

Answer rating: 100% (QA)

At the end of the fifth anniversary of owning the contract Edward has several options available to him Its important to note that the specific options ... View the full answer