IFSE Institute Related Exams
LLQP Exam
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?
Cecilia, a licensed life insurance agent, delivers a life insurance policy to her client Tony, a newly landed immigrant. Tony would like to pay the policy using the pre-authorized monthly payment method. However, he does not have a bank account in Canada yet and doubts he could find the time to open one in the next few days. Cecilia offers to open a savings account for him, but Tony is unsure whether she is licensed to do that. What should Cecilia tell Tony to reassure him that she can open a savings account on his behalf?
Gold, a financial security advisor, recently met with a wealthy client who needed tax advice. The client also wanted to draft a will and a mandate in case of incapacity. Eager to meet his client’s needs and make recommendations, he did not think it necessary to propose a meeting with the firm’s tax expert and notary. Towards whom has Gold breached his duties and obligations?