Question 1 . Garry is self-employed and has been working since the age of 16. Garry has never benefited from a pension plan and does not hold RRSPs. He is seriously considering retiring in 10 years. He has saved small amounts all his life and has term deposits here and there. He would like to make more money and receive interest in his investments.

Which one of the following products would be suitable for him?

a) a variable income accrual annuity with different payments in 10 years

b) a 10-year prescribed payout annuity

c) an accumulation annuity with differed payments in 10 years

d) a 10-year immediate term accumulation annuity.

Question 2:

25 . Luigi is a new agent who is meeting with a prospective client, Janice, who saw Luigi's advertisement in a community newspaper. Janice's very interested in buying $100,000 of segregated funds which Luigi recommended.

What must Luigi do as part of the sales process?

a) ask Janice's to complete the application form and return it to him within 3 days.

b) provide Janice with copies of a prospectus and annual information for within five business days of their meeting.

c) review with Janice copies of Fund fund Facts for the fund he recommends

d) schedule a reset so the contract can be issued