FINA 4352

FINA4352 GP CHAPTER 3 KEY TERMS EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED GRADED A++ adjustable-rate mortgages (arms) mortgage where the interest rate and payment may change every month, quarter, year, three years, or five years back-end ratio total debt should not exceed 36% of gross monthly income balloon mortgages a mortgage in which the borrower makes fixed payments, which are based upon the established interest rate for a long-term mortgage budget helps clients a...

FINA4352 GP CHAPTER 2 KEY TERMS EXAM QUESTIONS AND VERIFIED ANSWERS GRADED A++ active listening paying full attention to what their clients are saying and responding by paraphrasing the clients' comments affinity bias the tendency to make decisions based on how individuals believe the outcomes will represent their interests and values anchoring individuals making irrational decisions based on information that should have no influence on the decisions at hand attitudes reflect a pers...

FINA4352 FINAL EXAM KEY TERMS QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED GRADED A++ understanding the client's personal and financial circumstances step 1 of the financial planning process, obtaining qualitative and quantitative information, analyzing information, addressing incomplete information identifying and selecting goals step 2 of the financial planning process, identifying potential goals, selecting and prioritizing goals analyzing the client's current course of...

UNIT 4 LIFE INSURANCE FINA 4352 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Under a universal life insurance policy edcwith the Option B death benefit (also known as the increasing death benefit option) the death benefit is the face amount of the policy plus the cash value. The ________________________ method considers the time value of money in measuring the cost of life insurance. interest-adjusted single premium life insurance policy would be classified as a modified end...

FINA 4352 RISK TEST 2 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Module 1.1 Which of the following is an example of a moral hazard? A) A homeowner carelessly burns leaves on a windy day, resulting in fire damage to his house. B) A driver slams on his brakes for no reason other than to cause the driver behind him to rear-end his car. C) A car is damaged by a hailstorm. D) A person falls and breaks her hip. B) A driver slams on his brakes for no reason other than to cause t...

UNIT 1 FINA 4352 RISK EXAM QUESTIONS WITH VERIFIED CORRECT ANSWERS GRADED A++ In property insurance, an insurable interest must exist both at the time of issuance and at the time of loss Fundamental Risks Risk of an earthquake Particular risks are risks that affect only individuals, such as the possibility of loss of income or assets because of the inability to earn income (e.g., premature death, dependent old age, sickness, disability, unemployment). Dividends are not paid on nonpartic...

FINA 4352 UNIT 5 AND 6 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Which of the following statements regarding health savings accounts (HSAs) is CORRECT? Individuals between ages 55 and 65 who are covered by a high-deductible health plan can make additional catch-up contributions to their HSA. Which of the following consumer protection features must be included in long-term care (LTC) insurance policies in order to qualify for favorable tax treatment? Contracts must be guaran...

EXAM 3 FINA 4352 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED GRADED A++ Which of these incidents would be best described as a hazard? A. After a storm, a tree falls on your car. B. You park your car on a steep incline without setting the parking brake. C. You own a luxury automobile. D. Your car hits a light pole after skidding on ice. B The answer is you park your car on a steep incline without setting the parking brake. Skidding on ice and hitting a light pole and damage fro...

FINA 4352 - MODULE 6 - FP511 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Select the categories of conduct defined in the Fitness Standards. I. Conduct Deemed a Temporary Bar II. Conduct Deemed a Presumptive Bar III. Conduct Deemed Unacceptable IV. Conduct Deemed Adverse II & III Per the Fitness Standards, an individual is eligible to submit a petition for consideration after having engaged in any of the following categories of conduct except felony conviction for theft,...