SEGREGATED FUNDS AND ANNUITIES QUESTIONS WITH CORRECT ANSWERS

SEGREGATED FUNDS AND ANNUITIES QUESTIONS WITH CORRECT ANSWERS
Question : What is Segregated Funds
CORRECT ANSWER: LLQP - SFA VL 01 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.
Question : Guarantee in Segregated Funds
CORRECT ANSWER: LLQP - SFA VL 01 With the
segregated funds, the funds must guarantee - A minimum of
75% if the investor's principle at death, or - Upon a 10-year
maturity mark - Some Segregated Funds even guarantee as
much as 100% at death or at the 10-year mark. As an
investor, all the insurer is doing is guaranteeing what he put
in.. what about growth? This guarantee is only for peace of
mind. The investor does hope that they have positive returns,
but worst case scenario. they have some level of guarantee
upon death or upon 10-year maturity mark.
Question : Sally and Jacob are married and have a new born
daughter. Jacob will be the only income earner in the family
and currently earns $50,000 per year. What would happen to
their young family if Jacob dies permanently? They have
$200 available in their monthly budget and wanted to protect
against this risk. They considered: - Life insurance -
Segregated Fun Investment One month later Jacob, died.
What would have happened if they bought 1. life insurance
policy 2. Segregated Fund Investment
CORRECT ANSWER: LLQP - SFA VL 01 1. Purchase
Life Insurance: Based on his age, let's assume $200 per
month would have purchased a $1,000,000 life insurance
[policy. - Upon Jacob's death, Sally would receive death
benefit of $1,000,000. - this would be enough If invested
properly, it would likely replace Jacob's income so Sally and
father would be taken care of. 2. Invest in a Segregated Fund:
It has only been one month, so they would have been
invested total investment of $200. - The fund would
guarantee a minimum of 75% of their total investment or
current market value. -The bottom line is, Sally would
receive approx $200 which is clearly not enough

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