Max is 70 years old and in good health. His modest living needs are met by his public and private pensions, supplemented by withdrawals from his RRIF….

Max is 70 years old and in good health. His modest living needs are met by his public and private pensions, supplemented by withdrawals from his RRIF. He started investing in Canadian stocks at the age of 40 in an unregistered account and has followed a buy and hold strategy of blue chip equities. He estimates that he won’t need to draw down on his unregistered portfolio during his lifetime, and wishes to preserve its value to leave to his children when he dies. What type of life insurance would best suit his needs?
a)     5-year renewable term
b)     Group term
c)     Whole life
d)     Universal life
e)     Term-to-100
??
 
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