Fred and Irene Have Recently Retired,and Are Moving to a Larger

question 5

Multiple Choice

Fred and Irene have recently retired,and are moving to a larger urban centre to be with like-minded adults.Which of the following reasons explains why is there a peak in migration patterns around retirement age?

• A) Older people are beginning second careers.
• B) Older people are requiring increased levels of institutionalization.
• C) Older people are relocating to improve their quality of life.
• D) Older people are avoiding retirement penalties.

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Definitions:

Intended Third-party

Someone who, although not a direct participant in a contract or agreement, stands to benefit from the execution of the agreement.

Incidental Third-party

A person or entity indirectly involved or unintentionally benefited by a transaction or contract between two other parties.

Beneficiary

An individual or entity designated to receive benefits or assets from an insurance policy, will, or trust.

Third Party

An individual or entity separate from the two parties directly involved in a contract, agreement, or dispute.