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Segregated Funds And Annuities Exam Version 1
Newest 2026-2027 Exam Complete Questions And
Correct Detailed Answers (Verified Answers) |Already
Graded A+
There is no ______in the application for a segregated fund
contract. This means that the health of the contracts policy
owner or annuitant is not accessed because guarantees
are based on the strength of the investment and not the
persons life. - ANSWER-Medical underwriting
Funds are also subject to specific risks, based on their
type. For instance, a bond fund is highly susceptible to
interest rate risk but has little market risk. An
________fund, on the other hand, has very high market
risk and low interest rate risk. - ANSWER-Equity
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______are paid monthly, quarterly, semi-annually or
annually. Capital gains are distributed in December. -
ANSWER-Cash distributions
Either a DBPP or DCPP can be transferred to a
________when the employee leaves the plan. - ANSWER-
Locked in retirement account
Contributions made by an employer to a ______are fully
tax deductible to the employer and are not subject to
payroll tax. - ANSWER-Deferred profit sharing plan
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If an______is deemed to be deliberate, any investment
gains on the excess are taxed at a rate of 100%. To
ensure no penalty will be charged, it is best that no deposit
be made in the same year as a withdrawal. - ANSWER-
Over contribution
Contributions made by an employer to a ______or a
defined benefit pension plan are fully tax deductible to the
employer. - ANSWER-Defined contribution pension plan
Investments that pay dividends or generate capital gains
can be considered to be ________in that they are taxed at
a lower rate than interest income or salary. - ANSWER-Tax
advantaged
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The only group pension plan that offers guaranteed
income or retirement is a ______. However, ______s can
only guarantee the expected retirement income to
members if their plans are fully funded. Some employers
have pension short falls. - ANSWER-Defined benefit
pension plan
The______is a grant of money paid by the federal
government that tops up individual contributions. It is not
repaid to the government if the beneficiary pursues post-
secondary education. The application for the ______is
made by the financial institution in which the RESP
account was opened. - ANSWER-Canada education
savings grant
Segregated Funds And Annuities Exam Version 1
Newest 2026-2027 Exam Complete Questions And
Correct Detailed Answers (Verified Answers) |Already
Graded A+
There is no ______in the application for a segregated fund
contract. This means that the health of the contracts policy
owner or annuitant is not accessed because guarantees
are based on the strength of the investment and not the
persons life. - ANSWER-Medical underwriting
Funds are also subject to specific risks, based on their
type. For instance, a bond fund is highly susceptible to
interest rate risk but has little market risk. An
________fund, on the other hand, has very high market
risk and low interest rate risk. - ANSWER-Equity
,2|Page
______are paid monthly, quarterly, semi-annually or
annually. Capital gains are distributed in December. -
ANSWER-Cash distributions
Either a DBPP or DCPP can be transferred to a
________when the employee leaves the plan. - ANSWER-
Locked in retirement account
Contributions made by an employer to a ______are fully
tax deductible to the employer and are not subject to
payroll tax. - ANSWER-Deferred profit sharing plan
,3|Page
If an______is deemed to be deliberate, any investment
gains on the excess are taxed at a rate of 100%. To
ensure no penalty will be charged, it is best that no deposit
be made in the same year as a withdrawal. - ANSWER-
Over contribution
Contributions made by an employer to a ______or a
defined benefit pension plan are fully tax deductible to the
employer. - ANSWER-Defined contribution pension plan
Investments that pay dividends or generate capital gains
can be considered to be ________in that they are taxed at
a lower rate than interest income or salary. - ANSWER-Tax
advantaged
, 4|Page
The only group pension plan that offers guaranteed
income or retirement is a ______. However, ______s can
only guarantee the expected retirement income to
members if their plans are fully funded. Some employers
have pension short falls. - ANSWER-Defined benefit
pension plan
The______is a grant of money paid by the federal
government that tops up individual contributions. It is not
repaid to the government if the beneficiary pursues post-
secondary education. The application for the ______is
made by the financial institution in which the RESP
account was opened. - ANSWER-Canada education
savings grant
