Segregated Funds and Annuities Bundled Exams with Complete Solution | Expert Verified 2024 | Guaranteed Success

What document must a client be given prior to completing an application for an individual Variable Insurance Contract (IVIC)? 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 he co...

What is Segregated Funds LLQP - SFA VL 01 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: - Guarantees - ...

Which type of annuity is most appropriate for a young investor with ample income and is primarily interested in investment growth? An accumulation annuity. (Reference: Chapter 3) Tony wishes to purchase an annuity, but is concerned interest rates will rise significantly. What can Tony do to prot...

What is the minimum maturity date for a segregated fund contract? 10 years. (Reference: Chapter 2) What is the NAVPU Formula? NAVPU = [total value of assets - liabilities] / [number of units outstanding]. (Reference: Chapter 2) Jenna invests $40,000 in a 75% / 75% segregated fund. Upon maturity...

A GIC (Reference: Chapter 1) 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) Mary owns stock in a US-based company which trades on the Nasdaq exchange. Mary receiv...