Question

which recommendation would be most suitable for a 40 year old client whos maain objective is retierment income and preservation of captial

Answer 1

Answer: Fixed deferred annuity

Step-by-step explanation:

Fixed deferred annuity could be described like a certificate of deposit, which interest is deferred until a time at which you can withdraw from the annuity contract instead of having to claim the interest income on your tax return each year. It also guarantees minimum interest rate irrespective of the market conditions present.