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IFSE Institute LLQP Exam - Topic 4 Question 34 Discussion

(Joe and Joy, both aged 65, have $280,000 in savings and a $200,000 joint first-to-die life insurance policy. They want to buy an annuity to provide steady income in retirement.What type of annuity would best suit their needs?)
B) A joint life annuity that will pay the survivor 50% of the full benefit.
A) A single life annuity, as their life insurance policy will fund the survivor's retirement.
C) A T-90 annuity that will provide an income until at least the first death.
D) A variable income annuity that can provide larger sums if the market performs well.

IFSE Institute LLQP Exam - Topic 4 Question 34 Discussion

Actual exam question for IFSE Institute's LLQP exam
Question #: 34
Topic #: 4
[All LLQP Questions]

(Joe and Joy, both aged 65, have $280,000 in savings and a $200,000 joint first-to-die life insurance policy. They want to buy an annuity to provide steady income in retirement.

What type of annuity would best suit their needs?)

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Suggested Answer: B

by Andra at Aug 15, 2026, 08:17 PM

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