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Baron, aged 60, is planning to retire in the near future. He has worked for 36 years as an electrician, during which time he participated

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Baron, aged 60, is planning to retire in the near future. He has worked for 36 years as an electrician, during which time he participated in the workplace DCPP. Baron wants to use his pension funds to purchase an annuity that will provide payments not only for his lifetime, but also for the lifetime of his spouse, Mona, if he was to predecease her. What condition must Baron meet to set up a suitable annuity using his pension funds? O Name a beneficiary for any annuity balance remaining after both his and Mona's passing. Be the owner and annuitant of the contract, and name Mona as co-annuitant. O Name Mona as irrevocable beneficiary. O Be the only annuitant, since the funds are derived from his registered pension plan

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