WorksheetsSunWise Fundamentals
Total questions: 15
Worksheet time: 11mins
Resets for SunWise II & Elite are permitted on which classes? (Select all that apply)
Class A
Class B
Class C
SunWise I allows for deposits, resets, & reclassifications to be made in the closing decade.
True
False
SunWise II allows for resets, deposits, and reclassifications to be made in the closing decade.
True
False
Can a client today make a non-pac contribution into their SunWise II RSP account (2001 folder)?
Yes
No
If a client requests for a PAC to be stopped today on their SunWise Elite account, we are able to restart that PAC 6 months later.
True
False
Inter-load switches do not have an impact on the guarantees for all 3 SunWise products.
True
False
SunWise Elite Class A allows for how many resets?
1
2
3
4
We will process a reset for a client with a SunWise Elite account where the annuitant is 77 years old.
True
False
A reset on a SunWise Elite Class A account will reset what?
Death Guarantee Only
Maturity Guarantee Only
Both Death and Maturity Guarantee
What will happen to the death guarantee if a PAC is running on a SunWise Elite Class B account where the annuitant is 83 years of age?
No guarantee received as the annuitant is over age 75.
They will immediately receive 100% death guarantee on the new deposit amounts.
They will immediately receive 80% death guarantee on the new deposit amounts to be increased to 100% after 3 years.
PAC increases are permitted on SunWise Elite accounts.
True
False
Reset requests on all SunWise products can be done using an LOD.
True
False
The insurance fee portion of SunWise Elite funds are not included in the MER.
True
False
SunWise Elite Class B & C accounts are not permitted to reclassify up to Class A.
True
False
Registered rollover from an RSP to a RIF for a SunWise Elite account can be done with an LOD and a new application for the RIF.
True
False
