You meet with a prospective client. Phyllis (age 66), to discuss her financial and estate plan....

 

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You meet with a prospective client. Phyllis (age 66), to discuss her financial and estate plan. Phyllis would like to have a better understanding of the risks facing her, and how she can properly protect herself against such risks. After your discussion, you tell Phyllis that one of the main risks facing her is longevity. Which of the following would have the GREATEST impact in determining longevity risk for Phyllis? Phyllis needs to modify her home to accommodate motorized wheelchairs for her parents. Phyllis suffered a broken leg several years ago and was off work for 6 months to recover. Phyllis has a non-indexed defined benefit pension plan. Phylis is in great health and both of her parents are alive and over age 90. 29 O Oa) Ob) Oc) Od) 3888 You meet with a prospective client. Phyllis (age 66), to discuss her financial and estate plan. Phyllis would like to have a better understanding of the risks facing her, and how she can properly protect herself against such risks. After your discussion, you tell Phyllis that one of the main risks facing her is longevity. Which of the following would have the GREATEST impact in determining longevity risk for Phyllis? Phyllis needs to modify her home to accommodate motorized wheelchairs for her parents. Phyllis suffered a broken leg several years ago and was off work for 6 months to recover. Phyllis has a non-indexed defined benefit pension plan. Phylis is in great health and both of her parents are alive and over age 90. 29 O Oa) Ob) Oc) Od) 3888

Answer rating: 100% (QA)

First of all we have to understand the meaning of Longevity Risk Longevity risk is the risk that pen... View the full answer