Certified Financial Planner (CFP) Practice Exam · Question
Scenario 50: Term vs perm insurance recommendation depends on:
Suitability. The correct answer is "Needs analysis, time horizon, budget". This reflects the accepted standard for the cfp assessment and aligns with the offici
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Question: Scenario 50: Term vs perm insurance recommendation depends on:
Answer options: ✅ Needs analysis, time horizon, budget
- Brand
- Color
- Friend
Correct answer: Needs analysis, time horizon, budget
Explanation: Suitability. The correct answer is "Needs analysis, time horizon, budget". This reflects the accepted standard for the cfp assessment and aligns with the official handbook for this competency. The correct answer is "Needs analysis, time horizon, budget". This capacity-fill scenario 50 reinforces the same competency for the cfp bank and follows the certified explanation standard.
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