Segregated funds a - Study guides, Class notes & Summaries

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: - Guarantees - Ability to BY-Pass Probate - Creditor Proofing A segregated Fund is a great product but remember it's not Life Insurance! rather, it's an investment somewhat similar to a Mutual Fund...

Seg Fund Exam Questions with correct Answers Question 1 Grace's personal net worth shows the following assets: • RRIF: $420,000, all invested in GICs • Home: $560,000 • Cottage: $320,000 • Savings account: $70,000 She also has the following liability: • Mortgage on the cottage: $40,000 Based on the information provided, which of the following conclusions corresponds to the Grace's situation? a) She has more than enough assets to last through her retirement. b) She has low...

Chapter 20 Segregated Funds Questions and Answers 100% Pass 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 C.A federal regulatory body, the Office of the Superintendent of Financial Institutions (OSFI), is responsible for ensuring that federally regulated insurance companies are adequately capitalized. The federal Insurance Com...

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 completes an application and makes the decision to purchase an IVIC What is a segregated fund? A segregated fund is a pool of funds held by an insurance company What are the six exclusive features of...

Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions Segregated Funds & Annuities MOCK EXAM 2024 with Complete Solutions 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 reti...

Segregated Funds and Annuities Exam 2024 Investing -Correct Answer-using money to make money Principal -Correct Answer-initial capital/seed sometimes ACB (adjusted cost base) Fair market value -Correct Answer-current value of a property Return, gain, growth, interest -Correct Answer-profit above the principal Liquidity -Correct Answer-quick, easy, conversion to cash, without affecting value Volatility -Correct Answer-fluctuation in investment value Leveraging -Correct Answer-borrowing mo...

Describe the investment quality of a high-yield bond - ANSWER-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 will most likely lose all of your money. However, if your horse somehow wins, you stand to make a huge profit. The same logic holds with junk bonds. An investor may take a chance on such a bond if he believes that the issuer's fortunes will turn around and the bond wil...

Segregated Funds & Annuities - Chapter 2 Questions and Answers Already Passed 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, the value of the fund is $35,000. How much does Jenna receive? $35,000. The client receives the greater of market value o...

Seg Mock Exam 3 with correct Answers 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 -Correct Answer-(wrong) Market risk and credit risk Rationale: The risks associated with investing in equity investments are...

Segregated Funds and Annuities - Chapter 1: Investment and Savings Questions and Answers 100% CorrectSegregated Funds and Annuities - Chapter 1: Investment and Savings Questions and Answers 100% CorrectSegregated Funds and Annuities - Chapter 1: Investment and Savings Questions and Answers 100% Correct 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 in...