Annuities ce - Study guides, Class notes & Summaries

Segregated Funds & Annuities Certification Exam Latest Update Graded A+ Canadian Pension Plan Benefits CPP Income Formula = 8.4% annual tax x number of years x CPP at age 65 RRSP Contributions RRSP Contribution Room Formula = Income x 18% Market-Linked GIC A market-linked GIC has an interest rate that is tied to the performance of the stock market, providing the potential for a higher interest rate in the case of positive market returns. While the returns can be capped, there is potential for ...

ANNUITIES CE EXAM QUESTIONS AND ANSWERS

ANNUITIES CE EXAM REVIEW 2024/ACTUAL EXAM WITH CORRECT VERIFIED AND DETAILED ANSWERS WITH RATIONALES/LATEST UPDATE

Annuities CE Actual Questions and Answers with complete solution

Which of the following is a purpose of the annuity? A. The replacement of earnings upon the disability of an individual B. The distribution of a lifetime income C. The discounting of a principal sum back to its present value D. The creation of a fund at the earth of an individual Ans: B Why: the purpose of an annuity is the distribution of a lifetime income Annuity purchasers transfer to an insurance company their risk of A. Outliving their financial resources B. Becoming uninsurable C...

Annuities CEWhich of the following is a purpose of the annuity? A. The replacement of earnings upon the disability of an individual B. The distribution of a lifetime income C. The discounting of a principal sum back to its present value D. The creation of a fund at the earth of an individual - correct answer B Why: the purpose of an annuity is the distribution of a lifetime income Annuity purchasers transfer to an insurance company their risk of A. Outliving their financial resour...

Annuities CE Questions and Answers | Latest Update | 2024/2025 | Graded A+ **What is a primary purpose of an annuity?** A. To replace earnings upon the disability of an individual B. To distribute a lifetime income C. To discount a principal sum back to its present value D. To create a fund at the death of an individual B **Why:** An annuity is designed to provide a lifetime income to the annuitant. **What risk do annuity purchasers transfer to an insurance company?** A. Outl...

Annuities CE | questions and answers | 100% verified | LATEST 2024/2025

Why: a variable annuity's rate of return is tied to the performance of securities in the insurer's separate account An individual who wants the potential for hedging against inflation with money invested in an annuity should choose A. A variable annuity B. A split-dollar annuity C. A fixed annuity D. An immediate annuity - Answer A

Annuities CE Exam with Answers 2024 review