How should a client evaluate the trade-off between guarantees and flexibility?

How should a client evaluate the trade-off between guarantees and flexibility?

• A. Consider security of income vs potential upside, cost, and personal risk tolerance.
• B. The decision should be based solely on the initial sum at retirement.
• C. Always maximize guarantees regardless of cost.
• D. Avoid any guarantees to maximize flexibility.

Answer: (A)