Quiz 6 Principles Of Financial Plan

Question 1. 1. The blackout period refers to the period of time immediately following the death of the breadwinner. (Points : 0.1) [removed] True [removed] False Question 2. 2. Long-term care insurance pays benefits when the insured is unable to perform at least three of the activ- ities of daily living (ADL). (Points : 0.1) [removed] True [removed] False Question 3. 3. Term life insurance is considered “pure insurance.” (Points : 0.1) [removed] True [removed] False Question 4. 4. Personal risk management is a systematic process of identifying, evaluating, and managing pure risk exposures faced by an individual. (Points : 0.1) [removed] True [removed] False Question 5. 5. Pure risk is the chance of a loss or no loss occurring, but with pure risk there is no chance

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