American_Bankers_Association
CTFA · Question #7
Apart from comparing cover and costs, what other key factor should usually be considered if a financial adviser intends to recommend that a client cancels an existing term assurance policy and…
The correct answer is B. The underwriting requirements. See the full explanation below for the reasoning.
Investment Management
Question
Apart from comparing cover and costs, what other key factor should usually be considered if a financial adviser intends to recommend that a client cancels an existing term assurance policy and replaces it with a new one?
Options
- AThe insurable interest
- BThe underwriting requirements
- CThe secondhand policy market value
- DThe chargeable gains
How the community answered
(44 responses)- A2% (1)
- B84% (37)
- C9% (4)
- D5% (2)
Topics
#term assurance#policy replacement#underwriting#switching advice
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