Which of the Following Is the Major Drawback of a RAM

question 15

Multiple Choice

Which of the following is the major drawback of a RAM?

• A) Older people lose a large part of the RAM income when their spouse dies.
• B) Older people lose CPP benefits and private pension benefits.
• C) High interest rates raise bank payments and reduce the older person's income.
• D) Older home-owners are locked into their house and cannot sell it in the future.

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Definitions:

Conflicting Goals

The situation where different objectives or desired outcomes are at odds with each other, leading to disagreement or compromise.

Family Lifecourse

A perspective focusing on the stages and transitions individuals and families go through over time, such as marriage, parenthood, retirement.

Lesbian Co-Parent Family

A family structure where children are raised by two female partners who share parental responsibilities and roles.

Nonbiological Mother

A female parent who does not share a genetic relationship with her child, often through adoption, surrogacy, or as a step-parent.