Segregated funds a - Study guides, Class notes & Summaries

Segregated Funds & Annuities - Chapter 4 Questions and Answers 100% CorrectSegregated Funds & Annuities - Chapter 4 Questions and Answers 100% CorrectSegregated Funds & Annuities - Chapter 4 Questions and Answers 100% Correct 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:...

Segregated Funds & Annuities (Advocis Material) with Complete SolutionsSegregated Funds & Annuities (Advocis Material) with Complete SolutionsSegregated Funds & Annuities (Advocis Material) with Complete Solutionsfront 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 whi...

Seg Mock Exam 3 Latest Update Already Passed Julie is heavily invested in an equity mutual fund. Her financial advisor tells her about the risks she faces with her investment. What are the risks associated with Julie's investment? a) Market risk and industry risk b) Market risk and credit risk c) Interest-rate risk and credit risk d) Interest-rate risk and inflation risk (wrong) Market risk and credit risk Rationale: The risks associated with investing in equity investments are market r...

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

Segregated Funds & Annuities - Chapter 3 Study Guide Questions and Correct Answers An accumulation annuity. (Reference: Chapter 3) Buy a series of annuities over time. (Reference: Chapter 3) A prescribed annuity. (Reference: Chapter 3) Provides periodic payments to be received by an annuitant in consideration of a lump sum or a series of sums deposited to the contract. (Reference: Chapter 3) Each of the two annuitants in a joint-life annuity. (Reference: Chapter 3) An a...

Seg Mock Exam 2 Questions and Answers Already Passed 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. What did Gary's advisor do incorrectly? a) Gary's advisor should have followed up to see if he was satisfied with the segregated fund. b) Gar...

Seg Mock Exam 1 Questions and Answers 100% Pass Arnold is a self-employed truck driver with 20 years of experience. He is looking to invest his life savings in segregated funds for the creditor protection and the ability to designate specific beneficiaries on the segregated fund contract. In his line of work, Arnold knows accidents can happen and he would like to ensure that his family will not receive less than what he invested if he were to die unexpectedly. He has been investing for the last...

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 can begin as an _____is 71, deposits can be made untill December 31 of the year in which the contract owner turns 71 Then, the _____is converted to a registered retirement income fund (RRIF). Regi...

Segregated Funds Exam Questions and Answers (Graded A)Segregated Funds Exam Questions and Answers (Graded A)Segregated Funds Exam Questions and Answers (Graded A 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 he completes an application and make...