LLQP (Life Licence Qualification Program) Practice Exam · Question
What is the minimum maturity guarantee that must be offered on segregated fund contracts in Canada?
Canadian insurance legislation mandates that segregated fund contracts must provide a maturity guarantee of at least 75% of the capital invested, when held for
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Question: What is the minimum maturity guarantee that must be offered on segregated fund contracts in Canada?
Answer options:
- 100% of deposits. ✅ 75% of deposits.
- 100% of the highest market value.
- 50% of deposits.
Correct answer: 75% of deposits.
Explanation: Canadian insurance legislation mandates that segregated fund contracts must provide a maturity guarantee of at least 75% of the capital invested, when held for a minimum of 10 years.
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- A life insurance policy that offers lifelong coverage, a guaranteed death benefit, and a savings component tha
- Group benefits in Canada commonly include:
- Sarah, a 35-year-old marketing professional in Ontario, purchases a participating whole life insurance policy
- Mark, a 45-year-old business owner in British Columbia, has a Universal Life policy with a Level Cost of Insur
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