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Ethics and Professional Practice HLLQP

Life Insurance, BC Canada( HLLQP STUDY) Quizzes & Ans Verified 100% Correct!!

LIFE INSURANCE HLLQP EXAM QUESTIONS WITH 100% CORRECT ANSWERS.

What are the three main types of permanent insurance policies? HLLQP - LIFE 03 FC Answer 1. Term-to-100, or simply T-100 (least expensive) 2. Whole life insurance. 3. Universal life insurance (most expensive) What does it mean when an insurance policy is a non-participating policy? HLLQP - LIFE 03 FC Answer If a revenue surplus occurs, the insurer retains the entire amount and does not share it with the policyholder. With T-100, what happens when the life-insured reaches age 100? ...

HLLQP - SFA 02 FC - Segregated Funds Questions and Answers 100% VerifiedHLLQP - SFA 02 FC - Segregated Funds Questions and Answers 100% VerifiedHLLQP - SFA 02 FC - Segregated Funds Questions and Answers 100% Verified

HLLQP - SFA 02 FC - Segregated Funds Exam Questions and Answers

Term Insurance is appropriate for temporary life insurance needs. Can you give some examples of temporary life insurance needs? HLLQP - LIFE 02 FC Answer Paying off a mortgage in the event of death: This is a temporary insurance need because most mortgages are amortized over 25 years or less. Funding a child's education if the parent were to die: This is a temporary insurance because the funds should be saved - and therefore the insurance no longer needed - by the time the child reaches...

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 of...

Ethics and Proffesional Practice HLLQP Questions With Complete Solutions.