SOFE Exam AFE Topic 1 Question 92 Discussion

Actual exam question for SOFE's AFE exam

Question #: 92
Topic #: 1

[All AFE Questions]

The ten largest companies account for what percent of life insurance sales in Canada?

Aless than 50 percent

Bmore than 65 percent

Cmore than 75 percent

Dless than 80 percent

Show Suggested Answer

Suggested Answer: C

by Pura at Dec 06, 2024, 05:25 PM

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Nu

2 months ago

I don't know about you, but I'm more interested in the life insurance sales of the ten smallest companies. That's where the real excitement is!

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Marsha

26 days ago

D) less than 80 percent

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Stefany

29 days ago

I agree, the smaller companies can be more innovative and offer unique products.

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Joanna

1 months ago

C) more than 75 percent

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Angella

1 months ago

A) less than 50 percent

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Izetta

2 months ago

Wait, the ten largest companies account for what percent of life insurance sales? Isn't the real question, 'How many of those companies are actually keeping their customers alive?'

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Makeda

3 months ago

I'm feeling lucky today, so I'm going to go with A. Who knows, maybe the life insurance market is more diverse than we think!

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Bok

2 months ago

I'm with you on this one, I'll pick A. It would be interesting if the market is more diverse than we think.

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Tracie

2 months ago

I'm feeling risky, I'll choose C. The big players must have a strong hold on sales.

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Glendora

2 months ago

I think I'll go with B, the top companies probably dominate the market.

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Jamal

3 months ago

I'm going to have to go with D. Less than 80 percent seems like a reasonable estimate, though I'm not completely sure.

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Karma

1 months ago

I'm not sure, but I'll go with B. More than 65 percent seems plausible to me.

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Torie

2 months ago

I agree, I'm also going with C. It seems like a safe bet.

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Audra

2 months ago

I think it's probably around 75 percent, so I'm going with C.

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Natalie

3 months ago

Hmm, this is a tricky one. I'm going to go with C. I feel like the life insurance industry has become quite concentrated over the years.

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Jarvis

3 months ago

I think the answer is B. The life insurance market in Canada is dominated by a few major players, and I've read that the top companies account for a significant majority of sales.

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