Please help with brief explanation for True or False question. Also, an explanation if selected "All the Above" is incorrect. (VUL is abbreviating Variable Universal Life)

Thank you again very very much!!!

True or False - You should NEVER invest a customer's retirement money into an annuity because their money is already tax deferred so there is no benefit to the customer for using an annuity. O True O False A business owner may choose to use a VUL for which of the following reasons? O To provide key person coverage O To provide liquidity to the business owner when the VUL is sufficiently funded None of the above All the above