Jennifer, a licensed representative, meets with her client Carmela for an annual review. Carmela indicates she would like to convert a portion of her investment portfolio into an income stream. In particular, Carmela wants to ensure that her income keeps pace with any increases in the cost of living, so she can continue to maintain her current lifestyle and standard of living. What type of annuity should Jennifer recommend to Carmela? Question 20 options: 

A) Indexed 

B) Prescribed 

C) Deferred 

D) Accumulation

Answer rating: 100% (QA)

The detailed answer for the above question is provided below A Indexed Jennifer shoul... View the full answer