LLQP practice question 29 of 35
Vincent, aged 55, plans to retire 10 years from now after a 40-year career with the federal government. He will then receive a federal pension and…
Choose your answer, then check it against the explanation.
Vincent, aged 55, plans to retire 10 years from now after a 40-year career with the federal
government. He will then receive a federal pension and will benefit from a retiree health plan. His
wife Catherine is 15 years younger than him. Vincent also has an RRSP that he intends on using in
part to fund his travel plans in retirement, and in part to leave a lump sum to Catherine for her living
expenses after he dies. Vincent has planned his budget carefully and feels confident that he has
thought of everything. What may Vincent’s insurance agent suggest he consider to safeguard his
retirement?
Question 29 of 35
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