10. Bob is concerned that Social Security retirement income won't be enough to meet his needs....

10. Bob is concerned that Social Security retirement income won't be enough to meet his needs. He is looking for a financial product that would provide him with steady retirement income later in life. You would recommend

A. universal life insurance.

B. term life insurance.

C. annuity.

D. straight life insurance.

Expert Solution

Annuity is recommended for Bob.

Annuity income provides regular equal payments at fixed periodic intervals.

Option C annuity is correct

ekkarill92 answered 2 years ago

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