First, all available evidence (see here, here, here, and here) suggests that our current public pensions do an adequate job of providing retirement income to lower - income Canadians. (canadianbusiness.com)
In death, the LIRP provides income protection in the event that you can no longer provide that retirement income. (insuranceandestates.com)
Using this approach, a reverse mortgage loan is established at the outset of retirement and drawn upon every year to provide retirement income until exhausted, allowing the retiree's investment portfolio, such as a 401 (k) plan, more time to grow. (americanadvisorsgroup.com)