Question: A married client owns a deferred variable annuity and is reaching retirement age. They would like to annuitize the policy and start receiving a stream

A married client owns a deferred variable annuity and is reaching retirement age. They would like to annuitize the policy and start receiving a stream of income to supplement their other retirement resources. In particular, they would like a fairly large payout, but they are also concerned about their dependent spouse and providing for their needs. Which payout scheme is least appropriate? 


A) Life with period certain 


B) Life with survivor 


C) Life with fixed amount 


D) Life-only

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