Hllqp - Study guides, Class notes & Summaries
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HLLQP - SFA 02 FC - Segregated Funds Exam Questions and Answers
- Exam (elaborations) • 9 pages • 2024
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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 will most likely lose all of your money. However, if 
your horse somehow wins, you stand to make a huge profit. The same logic holds with junk 
bonds. An investor may take a chance on such a bond if ...
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HLLQP - SFA 02 FC - Segregated Funds Exam Questions and Answers- Graded A
- Exam (elaborations) • 9 pages • 2024
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HLLQP - SFA 02 FC - Segregated Funds Exam Questions and Answers
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HLLQP - SFA 02 FC - Segregated Funds Exam Questions and Answers
- Exam (elaborations) • 9 pages • 2024
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HLLQP - SFA 02 FC - Segregated Funds Exam Questions and Answers
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HLLQP - LIFE 04 FC - Universal Life Insurance questions with correct answers
- Exam (elaborations) • 9 pages • 2023
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If an additional life-insured is being added to an existing UL policy, will evidence of insurability be required? 
 
HLLQP - LIFE 04 FC Answer Yes! Universal life is the only policy type that makes it as possible to change the life-insured or even add an additional life-insured. however, such a change would be a new risk for the insurer and would need to be underwritten. 
 
Note: Changing or adding a life-insured is not allowable on a whole life policy! 
 
Of the three types of permanent life i...
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Life Insurance, BC Canada( HLLQP STUDY) questions with correct answers
- Exam (elaborations) • 57 pages • 2023
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3 phrases of Against Permanent Loss of income( Income earner dies) Answer Readjustment period, Dependency Period, Survivor life income needs 
 
Capital retention approach Answer Today's value of income needs + cash needs = insurance needs 
 
Two common method for calculate life insurance needs Answer Capitalization of income approach(life- value approach) and Capital retention approach 
 
Capitalization of income approach(life- value approach) Answer Annual Income / interest rate = life value (...
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life insurance hllqp | 121 Questions and Answers(A+ Solution guide)
- Exam (elaborations) • 25 pages • 2023
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lucas owns a property that he uses as his principal residence. he resides in the property with his 20 yrs 
old son Jake. the property has $250,000 mortgage registered against it. upon his death, lucas would like 
to gift the property to his son takes over the mortgage 
lucas is retired and collect OAS and CPP but not enough to cover his monthly expenses. Jake earns 
$100,000 a year but has a bad credit history. however, jake is able to pay the mortgage. which of the 
following financial impacts ...
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HLLQP - SFA 02 FC - Segregated Funds Exam Questions and Answers
- Exam (elaborations) • 9 pages • 2024
- Available in package deal
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- $12.49
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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 will most likely lose all of your money. However, if 
your horse somehow wins, you stand to make a huge profit. The same logic holds with junk 
bonds. An investor may take a chance on such a bond if ...
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HLLQP Provincial final questions with correct answers
- Exam (elaborations) • 9 pages • 2023
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taxable gains formula on a participating formula? Answer (ACB - Dividend - NCPI) - CSV 
 
what is a CDA? Answer capital dividend account, side account for funds 
 
what is a PUA? Answer paid up addition, ability to add temp insurance adding a feature or increasing death benefit 
 
what is GIB? Answer guaranteed insurability benefit, allows for the purchase of additional life insurance with no medical evidence. 
 
difference between riders and supplemental benefits? Answer ridders- increase death...
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HLLQP Life Insurance questions with correct answers
- Exam (elaborations) • 9 pages • 2023
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Prabdeep is sole sales representative. He has good connections in community that his sister Shatakski does not. Shatakski starts a business with on demand load. If prabdep were to die. Agent reccomends coverage on is brother to cover on demand loan Answer The bank can recall the loan if the feel business may not be successful without prabdeep who is the KEP EMPLOYER 
 
Insurance company reviewing for group adjustable whole life policies. Comapring projections made 10 years ago realized actual in...
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Ethics and Professional Practice HLLQP questions with correct answers
- Exam (elaborations) • 14 pages • 2023
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A insurance policy is active when... Answer What is payment of first premium 
 
What is a contract? Answer a legally binding agreement between two or more parties 
 
What is a unilateral contract? Answer a one-sided agreement where the insured can cancel for any reason but the insurer cannot 
 
What is insurer Answer The insurance company 
 
What is insured Answer The person covered by insurance 
annuitant 
death triggers payout 
 
What is advisor/agent Answer The person working for the insuranc...
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