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The holder can draw a life income from an LIF at any age.
Each year, the holder must withdraw a minimum amount from his or her LIF, without exceeding the maximum withdrawal allowed.
If the LIF so provides, the holder can also withdraw an additional income called a "temporary income," subject to certain conditions.
Even though the payment of a temporary income decreases the amount of a life income, the maximum income from the LIF (i.e., the temporary income plus the adjusted life income) may be greater.