Life insurance HLLQP questions with correct answers

lucas owns a property that he uses as his principal residence. he resides in the property with his 20 yrs old son Jake. the property has $250,000 mortgage registered against it. upon his death, lucas would like to gift the property to his son takes over the mortgage lucas is retired and collect OAS and CPP but not enough to cover his monthly expenses. Jake earns $100,000 a year but has a bad credit history. however, jake is able to pay the mortgage. which of the following financial impacts of death should be of the most concern? a. loss of lucas' income b. debit repayment c. capital gains tax on residence d. non of the above Answer b. debit repayment what are the two ways of looking at the risk of death? Answer life expectancy probability of death (mortality) explain lfie expectancy Answer the average number of years a person of a group & age can expect to live explain probability of death (mortality) Answer the chance of which a person