- Study guides, Class notes & Summaries

FPQP Actual Exam Questions With Reviewed 100% Correct Detailed Answers Guaranteed Pass!! 1. 7 Steps of the Financial Planning Process 1. Understanding the client's personal and financial circum- stances 2. Identifying and selecting goals 3. Analyzing the client's current course of action and potential alternative course(s) of action 4. Developing the financial planning recommendations 5. Presenting the financial planning recommendations 6. Implementing the financial pla...

FPQP Actual Exam Questions With Reviewed 100% Correct Detailed Answers Guaranteed Pass!! 1. Which of the following areas does a Capacity lender consider when evaluating a bor- Character rower? Collateral Conditions 2. You plan to contribute $3,000 per year at the end of each year to a tax-de- ferred retirement plan. You plan to retire in 35 years. You want to have an account worth $1 million at retirement. What annual rate of return will you need to earn to achi...

FPQP Actual Exam Questions With Reviewed 100% Correct Detailed Answers & Explanation Guaranteed Pass!! 1. Net Worth - ANSWER Is the difference between assets and liabilities. 2. Areas most often bulk of individual's net worth is in home equity, personal property, and/or retirement benefits. 3. Fixed Outflows - ANSWER Predictable and reoccurring. (Indviduals have little to no conrol over fixed outflow amounts). Examples: Housing (rent or mortgage) Insurance pa...

FPQP - Actual Exam Questions With Reviewed 100% Correct Detailed Answers & Explanation Guaranteed Pass!! 1. Which of these designations or certifications is best suited for an assistant working with a financial planner? A) Chartered Financial Analyst (CFA) B) Master Planner Advanced Studies (MPAS) C) Financial Paraplanner Qualified Professional℠(FPQP)® D) Certified Investment Management Analyst® (CIMA) - ANSWER C 2. Which of these helps clients shift their ...

FPQP Actual Exam Questions With Reviewed 100% Correct Detailed Answers Guaranteed Pass!! 1. Remainder interest - ANSWER An interest in which the individual is entitled to the property after a specified period of time or after a life interest has ended. 2. Revocable trust - ANSWER A trust in which the terms may be altered or the trust revoked after creation. 3. Separate property - ANSWER Property that was acquired by either spouse before marriage or was individual...

FPQP Module 1 Actual Exam Questions With Reviewed 100% Correct Detailed Answers & Explanation Guaranteed Pass!! 1. Which of these statements regarding life insurance is correct? A) a variable universal life insurance policy includes a guaranteed cash value B) whole life insurance policy owners bear the investment risk C) premiums for a variable life insurance policy are not fixed D) variable life insurance policies shift the investment risk to the policyholder - ANSWER D)...

What are the coils in the degaussing system? - correct answer A coil, M coil, FIQI coil, FPQP coil Purpose of degaussing system - correct answer Makes ships radar invisible by reducing the magnetic signature Where is the degaussing switchboard? - correct answer Fwd IC, 5-47-c Describe the A coil - correct answer One vertical loop, fwd to aft from ma...

A corporation received $550 from a customer as a deposit and the company uses cash basis accounting. The effect of this transaction is to: Increase assets Increase liability Decrease equity Decrease liabilities - correct answer Increase assets Which of the following transactions would have no impact on stockholders' equity? Purchase of land from proceeds from a bank loan Dividends to stockholders Net loss Investments of cash by stockholders - corr...

Under the coinsurance provision in a medical insurance policy the insured is required to pay - correct answer a percentage of the covered loss up to a stated amount. Which of the following statements regarding the elimination period of a disability insurance policy is CORRECT? - correct answer All else being equal, the longer the elimination period, the lower the premium. Which of the following situations would be best s...

When making rate of return assumptions for a client's goal, a planner should use A) an aggressive rate of return to achieve the goal more easily. B) a conservative rate of return. C) current market rates. D) a rate of return specified by the client. - correct answer B) a conservative rate of return. What effect does an assumption, regarding the rate of return, have on achieving a goal? A) An assumption of a high rate of return may result in fewer...