Thank you for the info. I appreciate the time you take to dig this information out. I am 66, so I presume that they will use a life expectancy of much more than 83. This is good news.
With the low rates, the indexing and the bigger life expectancy, I think I will get over the $400k limit, despite the 31% Nortel drop. This will complicate my decision. I wonder if I can put $400k in a locked-in plan and the rest in an annuity - I don't think I can do that. The limit on the contribution to a locked-in plan is strange. Why do they care?