When a younger person annuitizes his contract, the recommended distribution option should include a refund option for which of the following reasons?

A) The refund option helps prevent the younger annuity from making a poor choice, such as life with 10 years certain.

B) A longer life expectancy results and higher payments. The refund option will lower the payments to make them last a little longer.

C) Younger persons don’t understand annuities well, and this helps to increase their understanding.

D) A longer life expectancy results in lower payments. The refund option protects against leaving funds with the insurer in the event of premature death.