Discuss SOFE AFE Exam Topic 1 Question 92

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

Suggested Answer: C

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34 comments · newest first

Stefania 10 months ago

Are we sure about that? Seems high to me.

Jesse 11 months ago

Sounds about right, the big players dominate the market.

Val 11 months ago

Wait, really? I thought it was less than 50 percent.

Lenna 11 months ago

Definitely more than 65 percent, no doubt!

Leonora 11 months ago

I heard it's more than 75 percent.

Geoffrey 12 months ago

I thought it was more than 65 percent, but now I'm second-guessing myself. Maybe I should go with my gut on this one.

Blythe 12 months ago

I have a vague recollection that it was less than 80 percent, but I can't recall the exact figures.

Lelia 12 months ago

I practiced a similar question last week, and I feel like the answer was around 65 percent, but I could be mixing it up.

Louisa 1 year ago

I think I remember something about the top companies controlling a significant portion of the market, but I'm not sure if it's over 75 percent.

Stephaine 1 year ago

This is a tricky one. I feel like I'm missing some key information to really nail down the answer. I'll have to use my best judgment and hope I can at least eliminate a couple of the options.

Hubert 1 year ago

Okay, let me break this down. The question is asking about the top 10 companies, so I'll need to think about how concentrated the market is. I'll start by eliminating the extreme options and then try to narrow it down.

Cecilia 1 year ago

Hmm, I'm not sure about this one. I don't have a good sense of the life insurance market in Canada. I'll have to make an educated guess and hope for the best.

Melynda 1 year ago

This seems like a straightforward question about market share. I'll need to think through the options carefully, but I'm confident I can figure this out.

Nu 1 year 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!

Marsha 1 year ago

↳ replying to Nu

D) less than 80 percent

Stefany 1 year ago

↳ replying to Nu

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

Joanna 1 year ago

↳ replying to Nu

C) more than 75 percent

Angella 1 year ago

↳ replying to Nu

A) less than 50 percent

Izetta 1 year 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?'

Makeda 1 year 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!

Bok 1 year ago

↳ replying to Makeda

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

Tracie 1 year ago

↳ replying to Makeda

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

Glendora 1 year ago

↳ replying to Makeda

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

Jamal 1 year 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.

Karma 1 year ago

↳ replying to Jamal

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

Torie 1 year ago

↳ replying to Jamal

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

Audra 1 year ago

↳ replying to Jamal

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

Natalie 1 year 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.

Jarvis 2 years 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.

Dyan 1 year ago

↳ replying to Jarvis

I think it's probably more than 65 percent, they have a lot of influence.

Ressie 1 year ago

↳ replying to Jarvis

I agree, the top companies definitely have a big share of the market.

Theodora 2 years ago

I'm not sure, but I think it's D) less than 80 percent because there are still some smaller companies making sales.

Enola 2 years ago

I disagree, I believe it's C) more than 75 percent because the top companies dominate the market.

Jesse 2 years ago

I think it's A) less than 50 percent.

SOFE AFE Exam - Topic 1 Question 92 Discussion