Crpc practice exam 2 - Study guides, Class notes & Summaries

CRPC Practice Exam 2 | Questions and Verified Answers Rated A+ | Latest 2024 CRPC Practice Exam 2 | Questions and Verified Answers Rated A+ | Latest 2024 CRPC Practice Exam 2 | Questions and Verified Answers Rated A+ | Latest 2024

CRPC PRACTICE EXAM 2 – QUESTIONS & SOLUTIONS

CRPC Practice Exam 2 EXAM LATEST ACTUAL EXAM

Which of the following are correct statements about the capital utilization strategy? - ANSWER I. It produces an annual retirement income over a finite number of years. II. Assuming the yield remains the same, the larger the retirement income that is paid, the shorter the number of years over which it will be paid. III. When the capital utilization approach is used, the planner must be careful in making assumptions about the life expectancy of the client. IV. The effect of taxes on retiremen...

CRPC Practice Exam 2 – Questions & Solutions (A+)

CRPC Practice Exam 2 EXAM LATEST 2024- 2025 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ Which one of the following cannot achieve the estate planning goal of providing for incapacity? A) trust B) disability insurance C) durable power of attorney D) will - CORRECT ANSWER --D A durable power of attorney and a trust can be used to manage the financial affairs of an incompetent person. Disability insurance can be used to replace income when...

CRPC Practice Exam 2.

Which of the following are correct statements about the capital utilization strategy? - ANSWER-I. It produces an annual retirement income over a finite number of years. II. Assuming the yield remains the same, the larger the retirement income that is paid, the shorter the number of years over which it will be paid. III. When the capital utilization approach is used, the planner must be careful in making assumptions about the life expectancy of the client. IV. The effect of taxes on retirement...

CRPC PRACTICE EXAM 2 85 QUESTIONS AND VERIFIED DETAILED ANSWERS 2024. A+ GRADE

CRPC Practice Exam 2 Questions with Correct Answers What type of insurance is referred to as "pure" life insurance? - Answer-Term life is insurance in it's purest form. It provides nothing more than a cash payment if death occurs while the policy is in force. Reverse mortgages can be used for what purpose? - Answer-To generate a lump sum that can be used to fund long term care. Under the Affordable Care Act, how do plans offered on the exchanges vary? - Answer-They all cover the same...