CPF Practice Exam Questions and Answers 100% Solved
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Course
CP-FS
Institution
CP-FS
CPF Practice Exam Questions and
Answers 100% Solved
S Corp : a sole proprietorship does not kimit your client's liability, and is
therfore not appropriate. A limited partnership may be suitable, but there is
no mention of a genreal partner. A C Corp would not provide flow-through
taxation as y...
appropriate, so he searched the Internet and found the following data:
standard deviation is high, r^2 is 0.30, alpha is high, and the beta is 0,70.
What should you tell Tyler about the data he collected?
By using a beneficiary or joint tenancy, assets will pass by contract and
avoid probate. Even though the assets will not be included in her probate
estate, they will still be included in her gross estate. Life insurance payable
to a decedent's estate is subject to probate. - ✔✔Your client is concerned
about maintaining her privacy and wants to avoid probate at death. Which
of her assets would be subject to probate?
In a conditionally renewable policy, the insurer has the right not to renew
the policy for specific reasons listed in the contract. - ✔✔The insurer has
the right not to renew the policy for specific reasons listed in the contract.
A noncanceable policy gives the insured the right to renew for a stated
number of years, with a guaranteed premium at renewal. - ✔✔The
premium schedule will never change unless the insured buys more
coverage in the future.
A guaranteed renewable policy gives the insured the right to renew for a
stated number of years, with a guaranteed premium at renewal. - ✔✔The
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