Which of the following annuities would BEST suit the needs of a 35-year-old factory worker who is concerned about inflation and wants to establish a retirement plan?

A Flexible Premium Variable Annuity is well-suited for a 35-year-old factory worker concerned about inflation and looking to establish a retirement plan for several reasons.

Firstly, this type of annuity allows for flexibility in the amount and timing of premium payments. This can accommodate the worker's income variability and enable them to contribute to their retirement as financial circumstances allow. This flexibility is particularly important for someone at the start of their career who may not have a consistent income or who may want to increase their contributions as their financial situation improves.

Secondly, Flexible Premium Variable Annuities provide investment options that are linked to the performance of various sub-accounts, typically including stocks, bonds, and money market instruments. This means the account can grow based on market conditions, offering the potential for higher returns than fixed annuities, which is crucial for combating inflation. As inflation rises, the purchasing power of fixed income may diminish, but investments in a variable annuity can potentially outpace inflation over the long term if the selected portfolios perform well.

Furthermore, the variable nature of this annuity encourages individuals to take calculated investment risks, which can yield greater long-term benefits compared to other options that offer fixed payouts. The ability to adjust the investment strategy as needed