A client of yours age 40 wants to set up an individual Variable insurance Contract (IViC) to save for his retirement at age 65. He earns $150,000 per year and has invested in the stock market before in some high risk stochs. Considering his time horizon and risk tolerance, which of the following would be suitable? Select one: a. 10% money market fund, 20% bond funds, 70% equity funds b. 10% money market fund, 70% bond funds, 20% equity funds c. 10% money market fund, 30% bond funds, 60% dividend funds d. 10% money market fund, 40% bond funds, 50% mortgage funds