Seg Funds and Mutual Funds Exam Questions and Answers with complete solutions | Graded A+

On November 6, 2016 Jenny purchased a $200,000 non-registered segregated fund that invests in Canadian equities. The segregated fund has a 10 year, 75% maturity guarantee. If this fund matures on November 6, 2026 with an account value of $160,000, how much will Jenny receive from the maturity guarantee? - $0 When presented with a choice between a bank's 5-year GIC and an insurance company's deferred annuity for the same time period, why might this client choose the deferred annuity? - An annuity can be creditor protected and bypass probate Sheila works for a company that provides generous group retirement and investment plans consisting of a DCPP, DPSP, GRRSP and TFSA. In addition to working for the company, she also owns a small marketing business. Unfortunately her business is not fairing very well and she is concerned about being unable to repay the debts that her business has. Sheila is asking you if any of these group retirement and investment plans are not creditor protected. Which of the following will you tell her is not creditor protected? - TFSA Which of the following statements is NOT accurate about a GRRSP? - There are usually more investment options in a group plan Out of the following list which one list has its segregated funds in the correct order of risk? - Canadian Bond Fund, Balanced Fund, Dividend Fund Which of the following statements is NOT correct? - M