{"id":1131,"date":"2025-01-09T21:47:00","date_gmt":"2025-01-10T02:47:00","guid":{"rendered":"https:\/\/qa.yourwebsitebuild.com\/nia\/?p=1131"},"modified":"2025-12-01T16:02:48","modified_gmt":"2025-12-01T21:02:48","slug":"cpp-money-back-guarantee-for-early-death-could-eliminate-breakeven-bias","status":"publish","type":"post","link":"https:\/\/qa.yourwebsitebuild.com\/nia\/cpp-money-back-guarantee-for-early-death-could-eliminate-breakeven-bias\/","title":{"rendered":"CPP \u2018money-back guarantee\u2019 for early death could eliminate breakeven bias"},"content":{"rendered":"\n<p>The biggest obstacle to delaying CPP payments, among those who can afford it, is loss aversion. This psychological phenomenon occurs when retirees feel it\u2019s unfair to miss out on CPP income they could have claimed if they died earlier than their breakeven point.<\/p>\n\n\n\n<p>Implementing a CPP \u201cmoney-back guarantee\u201d as a death benefit could improve decision making, the National Institute of Aging proposed in a report last month.<\/p>\n\n\n\n<p>In retirement, people are most scared of running out of money and inflation eroding the value of what they do have, said Dr. Bonnie-Jeanne MacDonald, co-author of the report and director of financial security research with the National Institute on Ageing at Toronto Metropolitan University\u2019s Ted Rogers School of Management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The biggest obstacle to delaying CPP payments, among those who can afford it, is loss aversion. This psychological phenomenon occurs when retirees feel it\u2019s unfair to miss out on CPP income they could have claimed if they died earlier than their breakeven point. Implementing a CPP \u201cmoney-back guarantee\u201d as a death benefit could improve decision [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"image":"<img width=\"750\" height=\"750\" src=\"https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/01\/Advisor.ca_-750x750.png\" class=\"attachment-card-image size-card-image wp-post-image\" alt=\"Advisor.ca logo\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/01\/Advisor.ca_-750x750.png 750w, https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/01\/Advisor.ca_-300x300.png 300w, https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/01\/Advisor.ca_-150x150.png 150w, https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/01\/Advisor.ca_-768x768.png 768w, https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/01\/Advisor.ca_.png 1000w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/>","link":"https:\/\/qa.yourwebsitebuild.com\/nia\/cpp-money-back-guarantee-for-early-death-could-eliminate-breakeven-bias\/","target":"","category":"<div class=\"category\">Income Adequacy<\/div>","date_formatted":"January 9, 2025"},"category":[5],"tags":[],"stake-holder":[16,14,15],"class_list":["post-1131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-adequacy","stake-holder-older-adult","stake-holder-policy-makers","stake-holder-sector-organizations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CPP \u2018money-back guarantee\u2019 for early death could eliminate breakeven bias - NIA<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPP \u2018money-back guarantee\u2019 for early death could eliminate breakeven bias - NIA\" \/>\n<meta property=\"og:description\" content=\"The biggest obstacle to delaying CPP payments, among those who can afford it, is loss aversion. This psychological phenomenon occurs when retirees feel it\u2019s unfair to miss out on CPP income they could have claimed if they died earlier than their breakeven point. Implementing a CPP \u201cmoney-back guarantee\u201d as a death benefit could improve decision [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/qa.yourwebsitebuild.com\/nia\/cpp-money-back-guarantee-for-early-death-could-eliminate-breakeven-bias\/\" \/>\n<meta property=\"og:site_name\" content=\"NIA\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-10T02:47:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-01T21:02:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/01\/Advisor.ca_.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"cliff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cliff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/qa.yourwebsitebuild.com\/nia\/cpp-money-back-guarantee-for-early-death-could-eliminate-breakeven-bias\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/qa.yourwebsitebuild.com\/nia\/cpp-money-back-guarantee-for-early-death-could-eliminate-breakeven-bias\/\"},\"author\":{\"name\":\"cliff\",\"@id\":\"https:\/\/qa.yourwebsitebuild.com\/nia\/#\/schema\/person\/ed7534b47ce30c78b0b061a0abfb1731\"},\"headline\":\"CPP \u2018money-back guarantee\u2019 for early death could eliminate breakeven bias\",\"datePublished\":\"2025-01-10T02:47:00+00:00\",\"dateModified\":\"2025-12-01T21:02:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/qa.yourwebsitebuild.com\/nia\/cpp-money-back-guarantee-for-early-death-could-eliminate-breakeven-bias\/\"},\"wordCount\":129,\"image\":{\"@id\":\"https:\/\/qa.yourwebsitebuild.com\/nia\/cpp-money-back-guarantee-for-early-death-could-eliminate-breakeven-bias\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/qa.yourwebsitebuild.com\/nia\/wp-content\/uploads\/2025\/01\/Advisor.ca_.png\",\"articleSection\":[\"Income Adequacy\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/qa.yourwebsitebuild.com\/nia\/cpp-money-back-guarantee-for-early-death-could-eliminate-breakeven-bias\/\",\"url\":\"https:\/\/qa.yourwebsitebuild.com\/nia\/cpp-money-back-guarantee-for-early-death-could-eliminate-breakeven-bias\/\",\"name\":\"CPP \u2018money-back guarantee\u2019 for early death could eliminate breakeven bias - 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