William purchased a deferred annuity several years ago. Alex, his representative, helped him choose a Northwestern Mutual fixed annuity that matched his time horizon and needs. Now, William, age 75, needs income and is requesting that Alex provide options with his deferred annuity. During a brief conversation, Alex did learn from William that he is nervous about outliving his retirement assets. Which one of the following is a possible and logical option for Alex to discuss with William? A. Recommend that William move the funds from the deferred annuity into a 5 year CD because William is conservative. B. Recommend that William look at various guaranteed lifetime income options from his existing deferred annuity and possibly reallocate other assets into a Single Premium Immediate Annuity that provides guaranteed Income. 8 C. Recommend that William move the dollars that are in the deferred annuity into a Single Premium Immediate Annuity and then choose a seven year period certain income plan because that coincides with William's life expectancy. D. Do nothing. William should wait three to five years before he begins receiving income