Which factor is NOT considered when determining the suitability of an annuity?

When determining the suitability of an annuity, various factors are taken into account to ensure that the financial product aligns with the client's overall financial situation and needs. Among these factors, the client’s personal preferences may not be considered as critically as the other factors.

Client's age is a significant consideration because it affects the investment horizon and risk tolerance. Younger clients might prioritize growth potential, while older clients may focus on income and preserving capital.

Investment goals also play a crucial role; understanding whether the client is looking for growth, income, or a combination of both helps determine the right type of annuity.

Income requirements are equally important, as they help to ascertain how much regular income the client needs from the annuity to meet their living expenses or financial obligations.

While personal preferences can certainly influence choices, they may not be as essential to the suitability assessment as these other factors, which are directly tied to the client's financial well-being and objectives. Therefore, while personal preferences might inform a client's decision, they are not a standardized factor in determining suitability.