Podcast
Questions and Answers
What is required for a proposed annuitant to have their life insured?
What is required for a proposed annuitant to have their life insured?
- A medical examination must be completed.
- The proposed annuitant must consent in writing. (correct)
- The contract holder must sign the policy.
- The beneficiary must agree to the insurance.
Which statement accurately describes a revocable beneficiary designation?
Which statement accurately describes a revocable beneficiary designation?
- It requires the beneficiary to have an insurable interest.
- It cannot be changed without beneficiary consent.
- It must be designated as irrevocable after the first year.
- It allows the contract holder to revoke the beneficiary's rights. (correct)
What is the minimum maturity guarantee required by provincial legislation for segregated funds?
What is the minimum maturity guarantee required by provincial legislation for segregated funds?
- 100% of the amount invested if the contract term is 5 years.
- 75% of the amount invested over a minimum 10-year term. (correct)
- 50% of the amount invested over any contract term.
- 100% of the amount invested with no term requirements.
Which of the following can be a beneficiary under a contract?
Which of the following can be a beneficiary under a contract?
What characteristic is associated with segregated funds that increases the management expense ratio (MER)?
What characteristic is associated with segregated funds that increases the management expense ratio (MER)?
What percentage of maturity guarantee is typically associated with a 10-year holding period in segregated fund contracts?
What percentage of maturity guarantee is typically associated with a 10-year holding period in segregated fund contracts?
Which of the following statements accurately describes the reset dates for segregated fund contracts?
Which of the following statements accurately describes the reset dates for segregated fund contracts?
What is one potential restriction insurers may impose for enhanced maturity guarantees?
What is one potential restriction insurers may impose for enhanced maturity guarantees?
In a falling market, how does the maturity guarantee protect contract holders?
In a falling market, how does the maturity guarantee protect contract holders?
What is the primary benefit of having a death benefit in segregated fund contracts?
What is the primary benefit of having a death benefit in segregated fund contracts?
Which of the following accurately describes the relationship between death benefits and maturity guarantees in segregated funds?
Which of the following accurately describes the relationship between death benefits and maturity guarantees in segregated funds?
What determines the amount of death benefit payable at the time of death?
What determines the amount of death benefit payable at the time of death?
What is the maximum limit on illiquid assets for closed-end funds relative to their NAV?
What is the maximum limit on illiquid assets for closed-end funds relative to their NAV?
Which investment strategy is typically restricted in open-end funds but allowed in closed-end funds?
Which investment strategy is typically restricted in open-end funds but allowed in closed-end funds?
Why might a portfolio of closed-end funds reduce risks associated with varying discounts?
Why might a portfolio of closed-end funds reduce risks associated with varying discounts?
What is one advantage of closed-end funds over open-end funds regarding investment strategy?
What is one advantage of closed-end funds over open-end funds regarding investment strategy?
How are capital gains, dividends, and interest distributions typically managed in closed-end funds?
How are capital gains, dividends, and interest distributions typically managed in closed-end funds?
What did the mutual fund modernization amendments to NI 81-102 achieve for closed-end funds?
What did the mutual fund modernization amendments to NI 81-102 achieve for closed-end funds?
What is the impact of a fixed number of units in a closed-end fund?
What is the impact of a fixed number of units in a closed-end fund?
Which statement best describes the liquidity requirements for closed-end funds compared to open-end funds?
Which statement best describes the liquidity requirements for closed-end funds compared to open-end funds?
What condition allows existing closed-end funds to avoid the changes from the amendments?
What condition allows existing closed-end funds to avoid the changes from the amendments?
What is a primary advantage of investing in a listed private equity company compared to traditional private equity investment?
What is a primary advantage of investing in a listed private equity company compared to traditional private equity investment?
Which of the following statements correctly describes the nature of a listed private equity firm's investments?
Which of the following statements correctly describes the nature of a listed private equity firm's investments?
What transformation has occurred over the past decade concerning private equity companies?
What transformation has occurred over the past decade concerning private equity companies?
Which financial market characteristic applies to shares of a listed private equity company?
Which financial market characteristic applies to shares of a listed private equity company?
How does the structure of a listed private equity company typically differ from traditional private equity firms?
How does the structure of a listed private equity company typically differ from traditional private equity firms?
In what ways can investors benefit from investing in a listed private equity company?
In what ways can investors benefit from investing in a listed private equity company?
Which sector is NOT mentioned as part of ABC Corp's investment holdings?
Which sector is NOT mentioned as part of ABC Corp's investment holdings?
Which of the following is a significant reason for the rise of listed private equity companies?
Which of the following is a significant reason for the rise of listed private equity companies?
What describes ABC Corp's primary strategy in utilizing its capital?
What describes ABC Corp's primary strategy in utilizing its capital?
Flashcards
Beneficiary
Beneficiary
The person(s) who will receive benefits from a contract after the annuitant dies.
Revocable Designation
Revocable Designation
A beneficiary designation that can be changed or canceled by the contract holder.
Irrevocable Designation
Irrevocable Designation
A beneficiary designation that cannot be changed without the beneficiary's consent.
Maturity Guarantee (seg. funds)
Maturity Guarantee (seg. funds)
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Insurable Interest
Insurable Interest
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Maturity Guarantee
Maturity Guarantee
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Death Benefit Guarantees
Death Benefit Guarantees
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10-Year Term
10-Year Term
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Guaranteed Maturity Amount
Guaranteed Maturity Amount
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Age Restrictions
Age Restrictions
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Reset Dates (segregated funds)
Reset Dates (segregated funds)
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Daily Reset
Daily Reset
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Closed-end Fund Modernization
Closed-end Fund Modernization
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Closed-end Funds: Illiquid Asset Limit
Closed-end Funds: Illiquid Asset Limit
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Closed-end Fund Diversification
Closed-end Fund Diversification
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Closed-end Funds: Investment Opportunities
Closed-end Funds: Investment Opportunities
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Closed-end Funds: Higher Investment Level
Closed-end Funds: Higher Investment Level
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Closed-end Fund: Long-term Strategy
Closed-end Fund: Long-term Strategy
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Closed-end Fund Distributions
Closed-end Fund Distributions
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Listed Private Equity Company
Listed Private Equity Company
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Private Equity Firm
Private Equity Firm
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Diversification
Diversification
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What are the sectors of a private equity company's holdings?
What are the sectors of a private equity company's holdings?
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Advantages of Investing in Listed Private Equity
Advantages of Investing in Listed Private Equity
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Disadvantages of Investing in Listed Private Equity
Disadvantages of Investing in Listed Private Equity
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Publicly Traded Companies
Publicly Traded Companies
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Privately Held Companies
Privately Held Companies
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Regulatory and Reporting Requirements
Regulatory and Reporting Requirements
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Study Notes
Other Managed Products
- Additional types of managed products include their structure, characteristics, regulatory issues, and tax considerations
- Learning objectives include describing the features and structure of segregated funds, comparing advantages and disadvantages of Labor-Sponsored Venture Capital Corporations, defining closed-end funds, differentiating among income trusts, and describing advantages, disadvantages, and processes for investing in private equity
- Content areas include segregated funds, Labor-Sponsored Venture Capital Corporations, closed-end funds, income trusts, and listed private equity
- Key terms are defined in the glossary and are bolded within the chapter
- Key terms include allocation, insurable interest, interval funds, irrevocable designation, and segregated funds, among others
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