(At 60 years of age, Pierre recently retired for health reasons: he suffers from leukemia...

Vendor: IFSE Institute
Product: LLQP
Update on: Feb 3, 2026
Questions: 328

IFSE Institute LLQP Question Answer

(At 60 years of age, Pierre recently retired for health reasons: he suffers from leukemia and is only expected to live three or four more years, according to his oncologist. A friend advised Pierre to purchase an annuity with his RRSP, as he has no immediate family to leave money to and wants a guaranteed monthly payout.

What type of annuity would be best suited for Pierre?)

A term annuity.

A life annuity.

An enhanced annuity.

A deferred annuity.