Seg Mock Exam 1 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

Arnold is a self-employed truck driver with 20 years of experience. He is looking to invest his life savings in segregated funds for the creditor protection and the ability to designate specific beneficiaries on the segregated fund contract. In his line of work, Arnold knows accidents can happen and he would like to ensure that his family will not receive less than what he invested if he were to die unexpectedly. He has been investing for the last two decades and has seen a few market cycles during that time. Arnold's investment goals are long-term and he is not worried about short-term fluctuations. He keeps a close eye on fees and wants an investment option that is not too cost-prohibitive. What type of segregated fund guarantees are best Arnold? a) 75% death guarantee; 75% maturity guarantee b) 75% death guarantee; 100% maturity guarantee