Maxine is retiring in 3 months. She is in great health and is expecting to live a long and healthy retired life. Maxine has always been a conservative investor and is concerned that she may outlive her savings of $623,000. With interest rates remaining very low for a prolonged time, Maxine is not sure what she should do to ensure that she has enough retirement funds.

As Maxine's advisor, what advice should you offer that would best meet her needs?

A.A restricted guaranteed minimum withdrawal plan segregated fund will allow her to withdraw a fixed sum of money annually.

B.An indexed annuity will offer her a stream of income for life.

C.A guaranteed minimum withdrawal plan offers more options and flexibility than a life annuity.

D.Buying a life annuity every five years offers more options than a guaranteed minimum withdrawal plan.