Question #$1$ of $15$

Question ID $1591551$

A $63-$year$-$old client nearing retirement age has a substantial whole life policy. No longer having a need for the policy's death benefit, but also realizing that annuitizing the policy's cash value now could expose and erode that value due to inflationary pressures, the client is open to your suggestions. Understanding the benefits and usefulness of IRC Section $1035,$ you recommend she consider

A$)$ a variable annuity with subaccount choices that include investments of low to moderate risk

B$)$ a low$-$to$-$moderate risk mutual fund from which withdrawals could be made

C$)$ a variable annuity that has as its investment objective an emphasis on aggressive growh equities

D$)$ certificates of deposit