The general need for a pension policy results from the existence of what key problem?

A. Anticipated fall in income

B. Lack of employment opportunities

C. Likely deterioration in health

D. Uncertainty over investment performance

Answer: Option A

Solution(By Examveda Team)

The general need for a pension policy results from the existence of anticipated fall in income. Anticipated Income is the amount of income the applicant can reasonably be expected to receive during the calendar year.