Llqp 4 - Study guides, Class notes & Summaries
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Segregated Funds and Annuities (SFA) Questions & 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: 
- 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...
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LLQP 4 Questions with correct Answers
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LLQP 4
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Segregated Funds and Annuities (SFA) Exam 2024
- Exam (elaborations) • 58 pages • 2024
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Segregated Funds and Annuities (SFA) Exam 2024 
What is Segregated Funds 
LLQP - SFA VL 01 - Correct 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...
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LLQP 4 QUESTIONS WITH SOLUTIONS 2023
- Exam (elaborations) • 3 pages • 2023
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LLQP 4
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LLQP 4 QUESTIONS AND ANSWERS GRADED A+ 2023
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LLQP 4
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LLQP 4 QUESTIONS AND ANSWERS 2023
- Exam (elaborations) • 3 pages • 2023
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LLQP 4
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LLQP 4 QUESTIONS WITH CORRECT ANSWERS 2023
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LLQP 4
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LLQP - Chapter 4 - Universal Life questions with correct answers
- Exam (elaborations) • 5 pages • 2023
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What does it mean when a policy is minimally funded? Answer The policy holder is paying the minimum amount required to keep the policy in force. 
 
What would happen when a minimally funded policy is surrendered (one in which would pay the face value plus account value upon death)? Answer The policyholder would receive nothing. Because the policy is minimally funded, there is no cash value. (Normally a surrender charge would be deducted from the cash value, however the policyholder will not have...
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LLQP - Chapter 4 - Universal Life. Questions with presentable answers 2023
- Exam (elaborations) • 3 pages • 2023
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LLQP - Chapter 4 - Universal Life.
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CPH Exam 230 Questions with Verified Answers,100% CORRECT
- Exam (elaborations) • 21 pages • 2023
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CPH Exam 230 Questions with Verified Answers 
 
 
When are suitability requirements not applicable? - CORRECT ANSWER For brokers who do not provide investment advice or operate as a separate legal entity 
 
How is a new product approved? - CORRECT ANSWER After review from the New product Committee 
 
What are the ethical principles for a code of ethics? - CORRECT ANSWER Trust, integrity, justice, fairness, and honesty 
 
What are the 5 Standards of Conduct? - CORRECT ANSWER Duty of Care, Tru...
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