IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 40 Topic 5 Discussion

IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 40 Topic 5 Discussion

LLQP Exam Topic 5 Question 40 Discussion:
Question #: 40
Topic #: 5

Ontario residents, Juan and Maria, are a married couple approaching retirement. They have asked their representative, Carlow, to review the details of Maria’s defined benefit plan (DBPP).

Which of the following statements about Maria's pension is CORRECT?


A.

Maria would be entitled to an increased benefit if Juan waived his survivor benefit.


B.

Juan would be entitled to receive at least 50% of Maria’s pension upon Maria's death.


C.

With Juan's consent, Maria can choose to reduce the survivor benefit to 25% of her normal pension amount.


D.

Juan will be entitled to the survivor benefit even if they are separated at the time of Maria's death.


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