Which option is best for a client wanting permanent life insurance coverage with flexibility to adjust premiums, keep costs lower, and maintain some permanent coverage?

A Flexible Annuity is primarily designed to provide a stream of income during retirement, not for life insurance coverage. While it offers flexibility in terms of payouts, it does not cater to the specific needs of a client seeking permanent life insurance with premium adjustment options and cost control.

A Term Rider is an additional feature that can be added to a base life insurance policy to provide temporary coverage for a specific period. It does not offer the permanent coverage and premium adjustment flexibility that a client seeking long-term life insurance protection with cost control would require.

A Variable Universal Life policy combines the features of universal life insurance with investment options. While it offers flexibility in premium payments and investment choices, it may not be the best option for a client primarily focused on permanent life insurance coverage with the ability to adjust premiums and control costs.