Jill is 67 with a combination of non-registered and registered account investments. She has retired and cannot afford losses in her investments since she is counting on her savings for the future. She is very averse to risk. However, she also realizes the importance of staying ahead of inflation. To determine whether Jill is in danger of inflation risk, which document will Jill's life insurance agent ask her to provide? 

Answer rating: 100% (QA)

While a life insurance agent wouldnt typically be involved in assessing inflation risk on investmentsa financial advisor specializing in retirement planning could help JillThe document they might ask for to assess her inflation risk depends on the advisors specific approachbut some possibilities include 1 Investment statements These provide details about Jills current asset allocation including the types of investments eg stocks bonds cash and their respective proportions This shows the risk profile and potential returns of her portfolio 2 Income and expense statements Understanding Jills current income and expenses helps determine how much her needs might increase due to inflation and how much her investments need to earn to keep up 3 Retirement goals and timeline Knowing Jills desired retirement lifestyle and time horizon helps evaluate if her current investments are likely to generate sufficient returns to meet her needs while keeping pace with inflation 4 Risk tolerance questionnaires These tools help gauge Jills comfort level with potential investment ... View the full answer