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Segregated Funds & Annuities Exams Questions and Answers | 100% Verified and Updated 2024 | Graded to Pass!!
Segregated Funds & Annuities Exams Questions and Answers | 100% Verified and Updated 2024 | Graded to Pass!!
[Show more]Segregated Funds & Annuities Exams Questions and Answers | 100% Verified and Updated 2024 | Graded to Pass!!
[Show more]Segregated Funds & Annuities - Chapter 5 
Exam Questions and Answers 
Interest rate risk. 
(Reference: Chapter 5) -Correct Answer-Peter decides to invest $10,000 in a Canadian bond 
segregated fund. What type of risk is Peter most exposed to? 
A payout, life annuity. 
(Reference: Chapter 5) -Correct...
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Add to cartSegregated Funds & Annuities - Chapter 5 
Exam Questions and Answers 
Interest rate risk. 
(Reference: Chapter 5) -Correct Answer-Peter decides to invest $10,000 in a Canadian bond 
segregated fund. What type of risk is Peter most exposed to? 
A payout, life annuity. 
(Reference: Chapter 5) -Correct...
Segregated Funds & Annuities - Chapter 6 
Exam Questions and Answers 
In a spousal RRSP who names the beneficiary? -Correct Answer-The recipient of the deposits 
names the beneficiary 
The annuitant. 
(Reference: Chapter 6) -Correct Answer-In a segregated fund contract, who is the person on 
whose l...
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Add to cartSegregated Funds & Annuities - Chapter 6 
Exam Questions and Answers 
In a spousal RRSP who names the beneficiary? -Correct Answer-The recipient of the deposits 
names the beneficiary 
The annuitant. 
(Reference: Chapter 6) -Correct Answer-In a segregated fund contract, who is the person on 
whose l...
Segregated Funds & Annuities - Chapter 1 Exam 
A GIC 
(Reference: Chapter 1) -Correct Answer-A client wants to ensure the full original investment 
will be repaid, plus a profit. What would be an appropriate recommendation for this client? 
Interest. 
(Reference: Chapter 1) -Correct Answer-Mary owns...
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Add to cartSegregated Funds & Annuities - Chapter 1 Exam 
A GIC 
(Reference: Chapter 1) -Correct Answer-A client wants to ensure the full original investment 
will be repaid, plus a profit. What would be an appropriate recommendation for this client? 
Interest. 
(Reference: Chapter 1) -Correct Answer-Mary owns...
Segregated Funds & Annuities - Chapter 3 
Exam Questions with correct Answers 
An accumulation annuity. 
(Reference: Chapter 3) -Correct Answer-Which type of annuity is most appropriate for a young 
investor with ample income and is primarily interested in investment growth? 
Buy a series of annuiti...
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Add to cartSegregated Funds & Annuities - Chapter 3 
Exam Questions with correct Answers 
An accumulation annuity. 
(Reference: Chapter 3) -Correct Answer-Which type of annuity is most appropriate for a young 
investor with ample income and is primarily interested in investment growth? 
Buy a series of annuiti...
Segregated Funds & Annuities - Chapter 2 - 
Segregated Funds Exam 
A segregated fund is also known as what? -Correct Answer-An Individual Variable Contract or 
IVIC 
What investment fund would be most appropriate when an objective is to (for example) purchase 
a house in the near future, and why? -C...
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Add to cartSegregated Funds & Annuities - Chapter 2 - 
Segregated Funds Exam 
A segregated fund is also known as what? -Correct Answer-An Individual Variable Contract or 
IVIC 
What investment fund would be most appropriate when an objective is to (for example) purchase 
a house in the near future, and why? -C...
Segregated Funds & Annuities - Chapter 4 
Exam Questions and Answers 
If a person begins receiving their pension at age 60, how do you calculate their penalty for the 
early pension? -Correct Answer-The penalty for early pension is 0.6% per month or 7.2% per 
year (which is equal to 0.6 * 12 months)...
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Add to cartSegregated Funds & Annuities - Chapter 4 
Exam Questions and Answers 
If a person begins receiving their pension at age 60, how do you calculate their penalty for the 
early pension? -Correct Answer-The penalty for early pension is 0.6% per month or 7.2% per 
year (which is equal to 0.6 * 12 months)...
Seg Mock Exam 5 Questions with correct Answers 
Darrin is single and wants to invest some money to pass on to his children. He has decided on a 
segregated fund for the investment. He does not intend to use any of the invested money during 
his lifetime. He intends to continue investing in the segre...
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Add to cartSeg Mock Exam 5 Questions with correct Answers 
Darrin is single and wants to invest some money to pass on to his children. He has decided on a 
segregated fund for the investment. He does not intend to use any of the invested money during 
his lifetime. He intends to continue investing in the segre...
Segregated Funds & Annuities - Chapter 2 
Exam Questions and Answers 
10 years. 
(Reference: Chapter 2) -Correct Answer-What is the minimum maturity date for a segregated 
fund contract? 
NAVPU = [total value of assets - liabilities] / [number of units outstanding]. 
(Reference: Chapter 2) -Correct ...
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Add to cartSegregated Funds & Annuities - Chapter 2 
Exam Questions and Answers 
10 years. 
(Reference: Chapter 2) -Correct Answer-What is the minimum maturity date for a segregated 
fund contract? 
NAVPU = [total value of assets - liabilities] / [number of units outstanding]. 
(Reference: Chapter 2) -Correct ...
Seg Mock Exam 8 Questions and Answers 
Sheldon's investment portfolio is comprised of both registered and non-registered accounts. He is 
aware that his holdings in registered accounts are tax-sheltered, but any investment income in his 
non-registered account will be taxed. Therefore, Sheldon is l...
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Add to cartSeg Mock Exam 8 Questions and Answers 
Sheldon's investment portfolio is comprised of both registered and non-registered accounts. He is 
aware that his holdings in registered accounts are tax-sheltered, but any investment income in his 
non-registered account will be taxed. Therefore, Sheldon is l...
Seg Mock Exam 4 Questions with correct Answers 
Barb is currently working at KatCorp and has just received a job offer from another company. 
She is worried that changing jobs will mean losing her RPP. She has been at KatCorp for 20 
years and she does not want to lose her retirement savings. When s...
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Add to cartSeg Mock Exam 4 Questions with correct Answers 
Barb is currently working at KatCorp and has just received a job offer from another company. 
She is worried that changing jobs will mean losing her RPP. She has been at KatCorp for 20 
years and she does not want to lose her retirement savings. When s...
Seg Mock Exam 6 Questions and Answers 
Johnson is a member of a Group Registered Retirement Savings Plan (GRRSP), to which he and 
his employer each contribute 5% of his earnings. He is planning to leave his employer for a 
higher paying job. Johnson wonders whether his GRRSP has vested and whether ...
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Add to cartSeg Mock Exam 6 Questions and Answers 
Johnson is a member of a Group Registered Retirement Savings Plan (GRRSP), to which he and 
his employer each contribute 5% of his earnings. He is planning to leave his employer for a 
higher paying job. Johnson wonders whether his GRRSP has vested and whether ...
Chapter 20 Segregated Funds Exam 
Questions and Answers 
Which body is responsible for ensuring that federally regulated insurance companies are 
adequately capitalized under the requirements of the federal Insurance Companies Act? 
A. CLHIA 0% 
B. Assuris 
C. OSFI 
D. IIROC -Correct Answer-C.A fede...
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Add to cartChapter 20 Segregated Funds Exam 
Questions and Answers 
Which body is responsible for ensuring that federally regulated insurance companies are 
adequately capitalized under the requirements of the federal Insurance Companies Act? 
A. CLHIA 0% 
B. Assuris 
C. OSFI 
D. IIROC -Correct Answer-C.A fede...
HLLQP - SFA 02 FC - Segregated Funds 
Exam Questions and Answers 
Describe the investment quality of a high-yield bond -Answer Correct-very low quality. 
Analogy: Investing in a high-yield bond(junk bond) is a lot like betting on a longshot at the horse 
races. Your horse is unlikely to win, and you...
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Add to cartHLLQP - SFA 02 FC - Segregated Funds 
Exam Questions and Answers 
Describe the investment quality of a high-yield bond -Answer Correct-very low quality. 
Analogy: Investing in a high-yield bond(junk bond) is a lot like betting on a longshot at the horse 
races. Your horse is unlikely to win, and you...
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