Llqp 4 Study guides, Class notes & Summaries

LLQP 4

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...

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...

LLQP 4

LLQP 4

LLQP 4

LLQP 4

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...

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...

LLQP - Chapter 4 - Universal Life.