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Bea is a married 65-year-old woman applying for a life insurance policy.

Bea is a married 65-year-old woman applying for a life insurance policy. She meets with Stanley, her insurance agent, to review her insurance needs. Stanley inquires if Bea has started receiving Old Age Security (OAS) and Canada Pension Plan (CPP) benefits. Why is it important for Stanley to know this?

A.

These funds are taxable and may increase her need for life insurance.

B.

Her life insurance needs may decrease if she is retired.

C.

Her spouse may be eligible for survivor benefits upon her death.

D.

To calculate her retirement income.

IFSE Institute LLQP Summary

  • Vendor: IFSE Institute
  • Product: LLQP
  • Update on: Jul 22, 2025
  • Questions: 298
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