Question: Kellan, age 4 5 , has decided to purchase a deferred annuity to supplement his retirement income. He wants to participate in anticipated stock market

Kellan, age

45,

has decided to purchase a deferred annuity to supplement his retirement income. He wants to participate in anticipated stock market gains, but has no interest in managing an investment portfolio. He also wants protection against the loss of his principal. Which of the following is best suited for Kellan?

.

A variable annuity

.

A fixed annuity

.

A single premium, variable annuity

.

An equity

-

indexed annuity

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