Who among the following is a possible suitable candidate for the purchase of a deferred variable annuity? a. Eugene, age 42 , who seeks a tax-deferred investment to fund his 16 -year-old son's college education b. Jennifer, age 72, who needs immediate current income to supplement her Social Security and pension payments c. Gary, age 30, who is looking to accumulate money for the purchase of his first home within two years d. Ryan, age 50 , who needs a means to increase his retirement savings and investments Which of the following needs is not supported by a deferred variable annuity? a. market-based investment returns b. tax deferral c. immediate liquidity d. life-long income Which of the following conducted a study in the 1950s that was the basis for the design of a variable annuity? a. the National Association of Insurance Commissioners b. the Teachers' Insurance and Annuity Association c. the Pension Benefit Guaranty Corporation d. the National Association of Securities Dealers 7. Which of the following is a benefit variable annuities offer that fixed annuities do not? a. owner-directed investment of premiums b. a death benefit c. tax deferral d. a variety of annuitization payout options