Segregated Funds & Annuities Exams Questions and Answers | 100% Verified and Updated 2024 | Graded to Pass!!

Segregated Funds & Annuities - Chapter 6 Exam Questions and Answers In a spousal RRSP who names the beneficiary? -Correct Answer-The recipient of the deposits names the beneficiary The annuitant. (Reference: Chapter 6) -Correct Answer-In a segregated fund contract, who is the person on whose l...

Segregated Funds & Annuities - Chapter 1 Exam A GIC (Reference: Chapter 1) -Correct Answer-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) -Correct Answer-Mary owns...

Segregated Funds & Annuities - Chapter 3 Exam Questions with correct Answers An accumulation annuity. (Reference: Chapter 3) -Correct Answer-Which type of annuity is most appropriate for a young investor with ample income and is primarily interested in investment growth? Buy a series of annuiti...

Segregated Funds & Annuities - Chapter 2 - Segregated Funds Exam A segregated fund is also known as what? -Correct Answer-An Individual Variable Contract or IVIC What investment fund would be most appropriate when an objective is to (for example) purchase a house in the near future, and why? -C...

Segregated Funds & Annuities - Chapter 4 Exam Questions and Answers If a person begins receiving their pension at age 60, how do you calculate their penalty for the early pension? -Correct Answer-The penalty for early pension is 0.6% per month or 7.2% per year (which is equal to 0.6 * 12 months)...

Seg Mock Exam 5 Questions with correct Answers Darrin is single and wants to invest some money to pass on to his children. He has decided on a segregated fund for the investment. He does not intend to use any of the invested money during his lifetime. He intends to continue investing in the segre...

Segregated Funds & Annuities - Chapter 2 Exam Questions and Answers 10 years. (Reference: Chapter 2) -Correct Answer-What is the minimum maturity date for a segregated fund contract? NAVPU = [total value of assets - liabilities] / [number of units outstanding]. (Reference: Chapter 2) -Correct ...

Seg Mock Exam 8 Questions and Answers Sheldon's investment portfolio is comprised of both registered and non-registered accounts. He is aware that his holdings in registered accounts are tax-sheltered, but any investment income in his non-registered account will be taxed. Therefore, Sheldon is l...

Seg Mock Exam 4 Questions with correct Answers Barb is currently working at KatCorp and has just received a job offer from another company. She is worried that changing jobs will mean losing her RPP. She has been at KatCorp for 20 years and she does not want to lose her retirement savings. When s...

Seg Mock Exam 6 Questions and Answers Johnson is a member of a Group Registered Retirement Savings Plan (GRRSP), to which he and his employer each contribute 5% of his earnings. He is planning to leave his employer for a higher paying job. Johnson wonders whether his GRRSP has vested and whether ...

Chapter 20 Segregated Funds Exam Questions and Answers 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 -Correct Answer-C.A fede...

HLLQP - SFA 02 FC - Segregated Funds Exam Questions and Answers Describe the investment quality of a high-yield bond -Answer Correct-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...