Question: Question 2 (20 Marks) Suppose that you have a customer who is single and living in H.K now. She has worked for a big company

Question 2 (20 Marks) Suppose that you have a customer who

Question 2 (20 Marks) Suppose that you have a customer who is single and living in H.K now. She has worked for a big company for all her career. She is currently 65 years old and going to retire next month. She will receive a lump sum of pension benefit amount to HK$ 2,000,000. She is planning for her retirement life. Please explain to her the annuity product that is most suitable for her (immediate annuity versus deferred annuity, variable annuity and longevity insurance, pure annuity versus refund annuity). Explain to her why an annuity can be better than savings or stock investments at her age

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