Final answer:
The correct answer is c) Recommending unsuitable products. All of the other practices listed in the options are important when selling annuities to senior citizens.
Step-by-step explanation:
The correct answer is c) Recommending unsuitable products. All of the other practices listed in the options are important when selling annuities to senior citizens.
A thorough needs analysis is necessary to understand the financial goals and circumstances of the individual, which helps in determining the most suitable annuity product.
Disclosing surrender charges is crucial for transparency, as it informs the senior citizen about any potential fees if they decide to withdraw their money early.
Explaining potential tax consequences is also important as it helps the senior citizen understand how distributions from annuities may be taxed.
Recommending unsuitable products, on the other hand, goes against ethical standards and should never be practiced by agents selling annuities to senior citizens.