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13 Cards in this Set
- Front
- Back
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What are the advantages of segregated funds
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- Guarantees - growth secured by reset - funding flexibility through ongoing deposits - Guaranteed income - professional management - deversification - Tax benefits of allocations - Switches between funds - ability to withdraw (redemption) - exemption from probate fees - investor protection - protection from creditors - absence of medical underwriting - right of rescission |
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What formula does actuaries use to calculate life insurance premiums?
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Present value formula
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What is another name for segregated funds
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I.V.I.C - Individual variable insurance contract
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Guarantees
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The guarantees is that you will get back at least 75% at either maturity or death.
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Growth secured by reset
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IF you have a gain and you want to lock in the gain you can do a reset (the only set back is that your maturity date starts again at 10 years)
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Which in between mutual funds and segregated funds are more tax favorable?
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segregated funds are more tax favorable. loss and gains flow through to the client and in mutual funds only gains are calculated in
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Exemption from probate fees
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If you name a beneficiary it will be completely probate free. Not taxible
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Investor protection
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Creditor protection
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segregated funds if you left to a beneficiary then the creditors can chase after the estate.
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is there medical uwing with segregated funds
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no
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right of rescission
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is you change your mind within the 1st two days you can get all your money back after that you will get market value |
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What are the types of segregatd funds
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Cash fixed income equity commodity other |
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