Which plan is intended for clients seeking withdrawals based on their life expectancy?

The life withdrawal plan is specifically designed to provide clients with withdrawals based on their life expectancy. This type of plan considers the client's age and projected lifespan, allowing them to receive regular payments throughout their retirement years as long as they live. This ensures that clients can effectively manage their income in alignment with their lifespan, thereby mitigating the risk of outliving their resources.

In contrast, the other plans cater to different needs. A fixed period withdrawal plan typically provides withdrawals over a predetermined timeframe, which does not account for individual life expectancy and could lead to either running out of funds or leaving money unutilized. The tiered withdrawal plan involves varying the amount withdrawn depending on different tiers of the investment balance or time, which again does not focus on individual life expectancy. Finally, a monthly income plan generally offers a steady income stream each month but may not adapt to the client's expected lifespan, focusing more on immediate income needs rather than ensuring funds last over their lifetime. Thus, the life withdrawal plan is the most appropriate choice for those prioritizing withdrawals aligned with their life expectancy.