Time Remaining: $01$:$13$:$42$

Allotted Time: $75$ Minutes

In order to improve our user experience for students we have updated our mock exam to simulate the experience students will have when writing our certification exams. The timer provided does not submit or log a student out when it reaches zero. This is simply a tool to help students understand the time limitations for our certification exam and the provincial exams.

Note: You must complete this mock exam in order to attempt it again.

$1$

Maria, an agent, is discussing a life insurance policy with Anatoly, her client. Anatoly has had this policy since $1983,$ so it is considered to be a G$2$ policy. Maria is concerned about the value of the policy's accumulating fund. Explain why she is concerned.

dmhiMkxrVkp$2$dzRPQVVPdHg$2$VE$5$FQT$09$

a$.$ The cash value of the accumulating fund must exceed the projected cash value of the accumulating fund or it will no longer be considered exempt.

b$.$ The cash value of the accumulating fund cannot exceed the projected cash value of the accumulating fund or it will no longer be considered exempt.

c$.$ The projected cash value of the accumulating fund cannot exceed the Maximum Tax Actuarial Reserve $($MTAR$)$ by the time Anatoly reaches the age of $90.$

d The projected cash value of the accumulating fund must exceed the Maximum Tax Actuarial Reserve $($MTAR$)$ by the time Anatoly reaches the age of $85.$ dmhiMkxrVkp$2$dzRPQVVPdHg$2$VE$5$FQTO$9$

$9$

$19C$

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