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CFP Book 2 - Risk Management, Insurance, and Employee Benefits Planning (AI)

This class was created by Brainscape user Tabitha Bengtson. Visit their profile to learn more about the creator.

Decks in this class (14)

Chapter 1 - Introduction to Insurance
What is the purpose of insurance ...,
What is the definition of risk 4 ...,
Peril hazard and loss peril cause...
23  cards
Chapter 2 - The Legal Nature of Insurance
Insurance policies are contracts ...,
Each state has its own insurance ...,
Describe the purpose of the natio...
30  cards
Chapter 3 - Fundamentals of Life Insurance
What are required contract elemen...,
With first premium ____ makes the...,
Without first premium the insuran...
19  cards
Chapter 4 - Types of Life Insurance
What are the 5 characteristics of...,
Regarding term life insurance wha...,
Finish the sentenceterm life insu...
18  cards
Chapter 5 - Calculating Life Insurance Needs
Define life insurance programming...,
Once a method of life insurance p...,
Describe the capital retention me...
10  cards
Chapter 6 - Choosing and Replacing Life Insurance Policies
Describe the 2 characteristics of...,
List the 5 factors affecting fina...,
Define policy illustrations
11  cards
Chapter 7 - Cost Comparison of Life Insurance Policies
Regarding the methods used to com...,
Detail the process of the net cos...,
Describe the 5 weaknesses of the ...
10  cards
Chapter 8 - Annuities
Define annuity,
What is the purpose of an annuity,
Define annuitization
11  cards
Chapter 9 - Tax Treatment of Life Insurance and Annuities
List 4 ways that life insurance r...,
List 2 formulas upon surrender of...,
List 2 things about annual cash v...
23  cards
Chapter 10 - Retirement Programs and Business Uses of Life Insurance
Detail the 2 tax exemptions for g...,
G,
Group health insurance
17  cards
Chapter 11 - Cafeteria Plans and Flexible Spending Accounts (FSAs)
Define a cafeteria plan,
List the advantages 2 things and ...,
List the 3 tax implications assoc...
12  cards
Chapter 12 - Other Employee Benefits
Pertaining to meals and lodging p...,
Regarding prepaid legal services ...,
What are the advantages and disad...
16  cards
Chapter 13 - Disability Insurance
Describe disability income insurance,
Describe the 2 types of coverage ...,
Describe the differences between ...
15  cards
Chapter 14 - Individual Health and Disability Insurance Policy Provisions
Describe the rights of renewabili...,
Describe the rights of renewabili...,
Describe the rights of renewabili...
32  cards

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CFP Book 2 - Risk Management, Insurance, and Employee Benefits Planning (AI)

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