Page 3 of 10 AVERY Section 1: Four (4) Mini-Cases (14 marks) Please type in (or highlight and Linderline, where required) your response in the template space provided. Mini-Case 1 (8 marks - 1 mark each) - Dany Dany needs help with some personal finance concepts and has turned to you for help. Insert the correct word from the choice of words at the end of this Mini Case 1 to complete the sentence (note: not all words will be used): (8 marks -1 mark each) Pooled investments is an investment fund that pools together money from many investors, it provides for diversification, and marketability. . When applying for life insurance, applying for life insurance the information you provide about your medical history and "Testyle is used to determine your eligibility for coverage and your insures against costs of damage to your car resulting from an accident in which the driver of your car is at fault. . A is a gift that results from the instructions provided in a will A person specified in a will to receive part (or all) of an estate is called a . For life insurance proceeds, this person receives the insurance payment directly upon the death of the insured as it does not form part of the estate. is the dollar value of the Estate assets that The will be distributed to the surviving spouse before assets are distributed among all potential beneficiaries. is written solely in the handwriting of the The testator and it does not require any witnesses. Sarah is leaving for vacation and will be travelling around the world for six months. She has decided to leave her brother, Aaron in charge of her affairs to pay her bills and take care of her home while she is away. Sarah should have a notary prepare a to allow Aaron to make specific decisions on her behalf. Page 5 of DFG Cops Lock TABLE A Page 3 of 10 - total of $5,300. She later decides to -hie capital gain. Convertible mortgage Exchange-Traded Funds High ration High ratio mortgage (ETF) --- Enduring Power of Attorney Beneficiary Diversification Asset Closed mortgage Liquid asset Benefit Pension contribution Defined Retirement Defined Plan (DBPP) Account (LIRA) Pension Plan (DCPP) Annuity Preferential share Opportunity costing Personal Balance Sheet Collision insurance Old Age Security (OAS) Average tax rate Registered Retirement Tax-Free Savings Account Savings Account (RRSP) (TESA) Mutual Fund Return on Investment (ROI) Conventional mortgage Annuity Due Notarial Will Mortgage Current asset Bequest Limited Power of Attorney Term insurance Marginal tax rate Whole life insurance Budgeting Money management Disability insurance Credit management Stop payment Holograph Will English Form Will Home Equity Line of Credit Premium Overdraft Credit cards Consumer Price Index (C Lifelong learning plan (LLP) Net Asst Value (NAV) Prime rate Amortization Economies of scale Compound Reverse mortgage Segregated funds Open mortgage Case 2/2 marks) -Marie