n NISM Certifications
XVII NISM Series XVII
Medium

A person should have life insurance in retirement if:

Practice question from NISM Series XVII- Retirement Adviser Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Sufficient pension is available for dependents

  2. There's a mortgage to be repaid

    Correct answer

  3. C

    Retirement corpus can be transferred to dependents

  4. D

    All of the above

Why this is the answer

The mortgage repayment needs insurance coverage in case of death during retirement to prevent financial strain on dependents.

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