LLQP Seg Funds case studies
LLQP Seg Funds · Put your knowledge to work in context.
The LLQP Segregated Funds module is one component of Canada's Life Licence Qualification Program, the entry-level certification route for people seeking a licence to sell life insurance products. Segregated fund contracts sit at the intersection of insurance and investment: they are individual variable insurance contracts wrapped around underlying investment funds, sold by licensed life insurance agents, and commonly used for retirement savings, estate planning and guaranteed-return objectives. The LLQP Seg Funds case studies are 5 cases and about 3,212 words.
1The Reset That Restarts the Clock
Diane, 59, deposited 200,000 eight years ago into a segregated fund contract with a 100% maturity guarantee on a 10-year term and a 100% death guarantee. The contract value is now 262,000.
696 words, about 3 min2The 18-Month Need and the Seven-Year Surrender Schedule
Marcus, 79, has 120,000 maturing from a GIC. He tells the advisor he will need 30,000 in about 18 months for roof repairs and dental work.
625 words, about 3 min3Spouse, Estate and the Tax Bill at Death
Robert, 68, owns a non-registered segregated fund contract with an adjusted cost base of 180,000 and a current value of 300,000. He named his spouse, Anne, as revocable beneficiary; his two adult children are residual beneficiaries of his estate.
610 words, about 3 min4The Business Owner Who Wants Creditor Protection
Priya, 34, owns a growing construction company and has 60,000 to invest outside the business. She has a high risk tolerance, a 30-year horizon, no dependants, and no will or power of attorney.
622 words, about 3 min5The Replacement That Restarts a Ten-Year Clock
Eleanor, 74, bought a segregated fund contract nine years ago with a 250,000 deposit. It has a 100% maturity guarantee that matures next year and a 100% death guarantee.
659 words, about 3 min