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Life License Qualification Program (LLQP)

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Life License Qualification Program (LLQP) Questions and Answers

Questions 1

Nathalie worked for 25 years as an administrative assistant at a manufacturing company. When she left the company 10 years ago, she transferred the money that she accumulated from the company’s pension plan into a locked-in retirement account (LIRA). Now she is 60 years of age and would like to withdraw the money from the LIRA.

Under which of the following circumstances would Nathalie be allowed to withdraw her funds?

Options:

A.  

She moved to Arizona last year.

B.  

She is disabled and her life expectancy is reduced.

C.  

She is retiring.

D.  

She will start collecting QPP benefits.

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