Protection and estate planning bootcamp exam
Insurance, wills and the people who depend on you. This exam mixes questions from every lesson in the track. Each explanation links to the lesson it came from.
- Compare term and whole life insurance by the need
1. Term life insurance…
- Compare term and whole life insurance by the need
2. Who usually needs life insurance most?
- Understand how disability insurance protects income
3. The elimination period is…
- Understand how disability insurance protects income
4. “Own occupation” coverage pays if you…
- See where umbrella liability insurance fits
5. Umbrella insurance covers…
- See where umbrella liability insurance fits
6. Insurers usually require…
- Understand what a will and living trust each do
7. What can a will do that matters most for parents?
- Understand what a will and living trust each do
8. A 401(k) usually passes by…
- Choose who can act with powers of attorney
9. A durable power of attorney…
- Choose who can act with powers of attorney
10. Who makes medical decisions if you cannot?
- Plan college savings with a 529 account
11. Must you use your own state’s 529?
- Plan college savings with a 529 account
12. If your child gets a scholarship you can usually…
- Teach money skills with small choices and visible goals
13. A good first tool for young children is…
- Teach money skills with small choices and visible goals
14. Why let children make small money mistakes?
Lesson tests in this bootcamp
- Compare term and whole life insurance by the need
- Understand how disability insurance protects income
- See where umbrella liability insurance fits
- Understand what a will and living trust each do
- Choose who can act with powers of attorney
- Plan college savings with a 529 account
- Teach money skills with small choices and visible goals