James is concerned that if he purchases a fixed immediate annuity his

James is concerned that if he purchases a fixed immediate annuity his funds will be tied-up and not accessible if an emergency arises. His insurance agent said that a rider could be attached to his annuity to address this concern. The rider is a(n)

A) partial cash withdrawal rider.
B) return of premium rider.
C) guaranteed purchase option rider.
D) waiver-of-premium rider.

ANSWER

Answer: A