CE Quiz

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Financial Planning - - Ce Quiz -

From: Fac­ing Up to Long-term Care

1. What are the odds that a client turn­ing 65 this year will need long-term care, ac­cord­ing to the U.S. De­part­ment of Health and Hu­man Ser­vices?

1. Around 5 in 10

2. Around 4 in 10

3. Around 7 in 10

4. Around 9 in 10

2. Since 2012, by what per­cent­age have sales of stand­alone LTC poli­cies changed?

1. Grown by 20%

2. Shrunk by 70%

3. Grown by 25%

4. Shrunk by 55%

From: Us­ing An­nu­ities for Long-term Care

3. In 2018, what is the av­er­age an­nual pre­mium for an LTC plan for a mar­ried cou­ple, both age 55, ac­cord­ing to the Amer­i­can As­so­ci­a­tion for Long-term Care In­sur­ance? 1. $2,466

2. $1,855

3. $3,500

4. $3,000

4. By how much did an­nu­ity-ltc plans out­sell stand-alone LTC plans in 2016, ac­cord­ing to LIMRA?

1. $252 mil­lion

2. $175 mil­lion

3. $50 mil­lion

4. $10 mil­lion

From: Mit­i­gat­ing Med­i­cal Costs

5. If the cur­rent an­nual in­fla­tion rate of med­i­cal costs in the U.S. con­tin­ues on its cur­rent course, health care will con­sume ap­prox­i­mately what per­cent­age of GDP in the next 30 years, based on data from the Or­ga­ni­za­tion for Eco­nomic Co­op­er­a­tion and De­vel­op­ment?

1. 35%

2. 40%

3. 50%

4. 65%

From: Help­ing Ner­vous Clients

6. Over the past 10 years, small-cap stocks have pro­duced pos­i­tive an­nual re­turns what per­cent­age of the time? 1. 95%

2. 80%

3. 70%

4. 65%

7. What was the 18-year lump-sum an­nual re­turn for a client who in­vested in the Van­guard STAR Fund on Jan.1, 2000?

1. 6.96%

2. 7.52%

3. 8.56%

4. 9.92%

8. Dur­ing the same time pe­riod, what was the in­ter­nal rate of re­turn if reg­u­lar an­nual con­tri­bu­tions were made, rather than a lump-sum in­vest­ment?

1. 8.41%

2. 5.96%

3. 4.78%

4. 9.92%

From: Low­est-cost, Top-per­form­ing Funds (on­line only)

9. By what per­cent­age did av­er­age ex­pense ra­tios for in­dex eq­uity mu­tual funds fall from 1996 to 2017? 1. 55%

2. 35%

3. 80%

4. 67% 10. Dur­ing the same time pe­riod, by what per­cent­age did av­er­age ex­pense ra­tios for ac­tively man­aged funds de­cline?

1. 35%

2. 28%

3. 40%

4. 55%

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