Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?)

Show Suggested Answer Hide Answer
Suggested Answer: B

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

Limited Time Offer

25%

Off

Get Premium LLQP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Iraida
2 days ago
I agree, it ensures steady income for the survivor.
upvoted 0 times
...
Amina
7 days ago
A joint life annuity seems best for them.
upvoted 0 times
...
Lottie
12 days ago
Variable income sounds risky at their age!
upvoted 0 times
...
Ilene
18 days ago
A T-90 could be a good option too, just depends on their needs.
upvoted 0 times
...
Stanford
23 days ago
Wait, are they sure about needing a joint life annuity?
upvoted 0 times
...
Carman
28 days ago
I agree, it ensures steady income for the survivor.
upvoted 0 times
...
Launa
1 month ago
A joint life annuity seems best for them.
upvoted 0 times
...
Kate
1 month ago
I feel like the variable income annuity could be risky for them at their age; they might prefer something more stable.
upvoted 0 times
...
Nu
1 month ago
I practiced a question similar to this, and I think the T-90 annuity could be a good option since it guarantees income for a certain period.
upvoted 0 times
...
Ellen
2 months ago
I'm not entirely sure, but I think a single life annuity might not be the best choice since it only covers one person.
upvoted 0 times
...
Joana
2 months ago
I remember discussing how a joint life annuity could be beneficial for couples, especially since one will always have income after the first death.
upvoted 0 times
...

Save Cancel