ethics notes

Question 1

what will not be seized upon client declaring bankruptcy?

Answer 1

life Insurance policy with any FAMILY CLASS AS BENEFICIARY

Question 2

what verify clients ID for testamentary trust?

Answer 2

A WILL

Question 3

Client is making sure her WILL is up to date, what will pass through her estate?

Answer 3

RRSP

Question 4

what account could be seized if client declares bankruptcy?

Answer 4

NON-Registerd mutual fund account

Question 5

what is tied selling?

Answer 5

forcing suggestions onto client

Question 6

what is churning?

Answer 6

CHANGING a clients policy for more$

Question 7

what is twisting?

Answer 7

changing COMPANIES for client for more$

Question 8

how much $ does E I cover?

Answer 8

55%

Question 9

What is it called when client passes with NO WILL?

Answer 9

Intestate

Question 10

what is it called when client passes with A WILL?

Answer 10

Testate

Question 11

when client misses premium payment?

Answer 11

policy is canceled 10 days after notice is SENT to client

Question 12

Does self employed people qualify for E I?

Answer 12

NO

Question 13

What job can someone not be in while being an Insurance
agent?

Answer 13

Police officer OR liquor store clerk

Question 14

What is NOT apart of an agreement between insured and insurer?

Answer 14

Payment