IFSE Institute Related Exams
LLQP Exam
Rowan works for a construction company that employs 40 employees. The company is newly established, and the owners have yet to implement a group insurance policy. Rowan falls off the side of a building and breaks his collar bone. The doctor informs him that he will be unable to work for five months.
Who will pay him disability benefits while he is recuperating?
Marsha and Alexis are equal partners in an advertising firm. They meet with Jose, an insurance agent, and Horacio, their lawyer, because they would like to protect themselves if one of them becomes disabled and unable to work for an extended period of time. At the end of their meeting, they agree to purchase $500,000 disability insurance policies on each other by each of them paying premiums.
What type of agreement do Marsha and Alexis have?
Gia is getting ready to invest for her retirement in 20 years’ time and makes her very first RRSP contribution. Her risk tolerance is high, and she determined with her life insurance agent that a segregated fund could be a good investment choice.
Which one of the following segregated funds would be most suitable for Gia?