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Segregated Funds & Annuities Certification EXAM STUDY BUNDLE(COMPLETE PACKAGE) Guide with Complete Solutions! $34.49   Add to cart

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Segregated Funds & Annuities Certification EXAM STUDY BUNDLE(COMPLETE PACKAGE) Guide with Complete Solutions!

Segregated Funds & Annuities Certification EXAM STUDY BUNDLE(COMPLETE PACKAGE) Guide with Complete Solutions!Segregated Funds & Annuities Certification EXAM STUDY BUNDLE(COMPLETE PACKAGE) Guide with Complete Solutions!Segregated Funds & Annuities Certification EXAM STUDY BUNDLE(COMPLETE PACKAGE) Gu...

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Segregated Funds and Annuities (SFA) Questions and Answers (Graded A+)

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What is Segregated Funds LLQP - SFA VL 01 - ANSWER-Segregated Fund is also an investment. it is just a fancy version of mutual fund. Segregated Fund is an insurance product, and it is an investment. Segregated Funds offer some unique features that mutual funds generally do not, such as: - Gua...

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Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions!

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Tax free savings account - ANSWER-Upon withdrawal from a ________, neither the principal deposit nor the income earned within the plan are treated as taxable income in the hands of the plan holder. Registered retirement income fund - ANSWER-The annual minimum ________withdrawals can be based on t...

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Segregated Funds & Annuities Certification Exam Study Guide with Complete Solutions!

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Canadian Pension Plan Benefits - ANSWER-CPP Income Formula = 8.4% annual tax x number of years x CPP at age 65 RRSP Contributions - ANSWER-RRSP Contribution Room Formula = Income x 18% Market-Linked GIC - ANSWER-A market-linked GIC has an interest rate that is tied to the performance of the st...

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Segregated Funds and Annuities Exam Questions and Answers (Graded A+)

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Investing - ANSWER-using money to make money Principal - ANSWER-initial capital/seed sometimes ACB (adjusted cost base) Fair market value - ANSWER-current value of a property Return, gain, growth, interest - ANSWER-profit above the principal Liquidity - ANSWER-quick, easy, conversion ...

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Segregated Funds & Annuities (Advocis Material) with Complete Solutions!

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front end load - ANSWER-The investor who pays a _______pays no further sales fee if she redeems units during the term of the contract. Registered retirement savings plan - ANSWER-A segregated fund in a _____is bound by the rule that apply to all_____. Therefore, the oldest age at which a contract...

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Segregated Funds and Annuities - Chapter 1: Investment and Savings Questions and Answers 100% Correct!

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Segregated Funds and Annuities - ANSWER-Investment and savings products marketed to Indvidual and group prospects and clients Compounding - ANSWER-Usually refers to earning interest on an investment. Nominal Return - ANSWER-Stated or advertised rate. For example, a savings account is advertise...

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Seg Mock Exam 2 Questions and Answers (Graded A+)

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Gary is reviewing his portfolio and notices that the value of a segregated fund he recently purchased has dropped significantly. He is worried about the fund. The last time he spoke with his advisor was the day he purchased the fund. He and his advisor have both been busy and not had time to speak. ...

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Segregated Funds & Annuities Mock Exam Study Guide with Complete Solutions!

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Group Registered Retirement Savings Plan (GRRSP) - ANSWER-GRRSPs offer investors a limited variety of investment choices, but they have lower fees compared with individual RRSPs. Cancellation of Segregated Fund Contract - ANSWER-An investor may cancel or rescind the segregated fund contract in wr...

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Segregated Funds & Annuities - Chapter 2 Questions and Answers 100% Correct!

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10 years. (Reference: Chapter 2) - 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) - ANSWER-What is the NAVPU Formula? $35,000. The client receives the greater...

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Seg Fund Questions and Answers 100% Correct!

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S is 68,single. She has saved $250,000 in non-registered funds, and is seeking guaranteed income to last her as long as she lives. She wants to maximize her available income for the immediate future. Her children are financially comfortable. Which annuities will be most appropriate for her? - ANSWER...

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Segregated Funds & Annuities - Chapter 6 Questions and Answers (Graded A+)

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In a spousal RRSP who names the beneficiary? - ANSWER-The recipient of the deposits names the beneficiary The annuitant. (Reference: Chapter 6) - ANSWER-In a segregated fund contract, who is the person on whose life the guarantees are based and whose death triggers payment of the death benefi...

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Segregated Funds Exam Questions and Answers (Graded A+)

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What document must a client be given prior to completing an application for an individual Variable Insurance Contract (IVIC)? - ANSWER-Information folder: the information folder contains all of the essential information for an informed purchasing decision, thus, it must be given to the client before...

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Segregated Funds & Annuities - Chapter 4 Questions and Answers 100% Correct(GRADED A+)

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If a person begins receiving their pension at age 60, how do you calculate their penalty for the early pension? - ANSWER-The penalty for early pension is 0.6% per month or 7.2% per year (which is equal to 0.6 * 12 months). Power of attorney for property. (Reference: Chapter 4) - ANSWER-A clie...

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Segregated Funds & Annuities - Chapter 2 - Segregated Funds with Complete Solutions!

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A segregated fund is also known as what? - 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? - ANSWER-Money Market Fund. 95% of the net assets must be invested in cash o...

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Segregated Funds & Annuities - Chapter 3 Questions and Answers 100% Correct!

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An accumulation annuity. (Reference: Chapter 3) - 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 annuities over time. (Reference: Chapter 3) - ANSWER-Tony wishes to purchase an annui...

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Segregated Funds & Annuities - Chapter 5 Questions and Answers 100% Correct!Segregated Funds & Annuities - Chapter 5 Questions and Answers 100% Correct!

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Segregated Funds & Annuities - Chapter 5 Questions and Answers 100% Correct! Segregated Funds & Annuities - Chapter 5 Questions and Answers 100% Correct! Segregated Funds & Annuities - Chapter 5 Questions and Answers 100% Correct! Segregated Funds & Annuities - Chapter 5 Questions and...

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