If You Have Maximized Your RRSP Contributions,have Positive Cash Flow

question 80

Multiple Choice

If you have maximized your RRSP contributions,have positive cash flow and wish to maximize the transfer of wealth to your beneficiaries,which would be the most efficient choice of insurance?

• A)Universal life with level term insurance
• B)Term to 100
• C)Whole life
• D)Universal Life with YRT

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Definitions:

Central Issues

Fundamental problems or primary topics of concern within a certain context.

Obtaining Investment

The process of securing funds from investors or financial institutions to start or grow a business.

Mezzanine Financing

A blend of equity and debt financing that gives the lender the right to convert to an equity interest in the company in case of default, typically used in the expansion of established companies.

Least Likely

The option or outcome with the lowest probability of occurring in a given set of circumstances.