American_Bankers_Association
CTFA · Question #7
CTFA Question #7: Real Exam Question with Answer & Explanation
Sign in or unlock CTFA to reveal the answer and full explanation for question #7. The question stem and answer options stay visible for context.
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
Unlock CTFA to see the answer
You've previewed enough free CTFA questions. Unlock CTFA for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.