What is the maturity date after Shakira resets the guarantee on her segregated fund?

Study for the TNL LLQP Segregated Funds and Annuities Exam. Utilize flashcards and multiple choice questions, each with hints and explanations, to effectively prepare for your certification!

The correct response highlights that after Shakira resets the guarantee on her segregated fund, the maturity date will be in May 2029. This indicates that the fund will be structured to provide certain guarantees, typically related to the investment performance and the capital at maturity.

Furthermore, while the maturity date is set for May 2029, Shakira retains the flexibility to redeem her units before this date, which is a key feature of segregated funds. It allows her to access her investment should she need to liquidate her assets based on her financial needs, market conditions, or other personal considerations.

This option emphasizes the dual balance that segregated funds provide: the protection offered by guarantees and the liquidity option that allows for redemption prior to the maturity date. In contrast, other options might imply restrictions that are not characteristic of the typical operating structure of segregated funds, which are designed to provide both growth potential and financial security.

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