NISM Series XVII (Retirement Adviser) Practice Questions - NISM-Series-XVII Retirement Adviser Certification Examination Exam

Longevity risk in retirement planning refers to the risk that a retiree will:

Outlive their accumulated financial resources and run out of money Suffer from chronic medical conditions requiring long-term hospitalization Experience a severe drop in the value of their equity assets due to market cycles Pass away early and leave unpaid debt obligations to their surviving dependents

Correct Answer:

Outlive their accumulated financial resources and run out of money

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