Question: answer this 4. Robin is reviewing the information folder that his agent just handed to him, for his review before completing an application for an
4. Robin is reviewing the information folder that his agent just handed to him, for his review before completing an application for an individual variable insurance contract (IVIC). What kind of information can Robin expect to receive through the Summary Information Folder that will provide him with pertinent details about the product he is about to purchase? 1 The benefits under the contract that are guaranteed and the benefits under the contract that are not guaranteed but fluctuate with the market value of the assets of the segregated fund supporting them. 2 Charges on withdrawal, for full or partial surrender, and retention charges in dollars and units or as a percentage of premiums, as of the first, third and fifth year that the contract is in effect. 3 The tax status of the segregated fund and tax status of the contractholders, 4 A listing of all of the investments held by the segregated funds and their current fair market value. (A) 1 and 2 only. (B) 1, 2 and 3 only (C) 2 and 3 only (D) 2 and 4 only
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