Question: Your client, Larry, would like to discuss the features and benefits available to him by investing in a deferred fixed annuity. As a financial representative,

Your client, Larry, would like to discuss the features and benefits available to him by investing in a deferred fixed annuity. As a financial representative, you should discuss all of the following with Larry, EXCEPT: O A. The deferred fixed annuity also offers various underlying sub- accounts, including several fixed income options. B. The interest rate for the deferred annuity is guaranteed for a stated period of time. 23 C. A deferred annuity offers tax-deferred growth. D. Earnings distributions from a deferred annuity are taxed as ordinary income upon withdrawal

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