Section 1 Quiz

Question 1

As clients age

Answer 1

• They have a higher need for life insurance to provide for surviving children.

Question 2

Which step in the financial planning process benefits most from working as a team?

Answer 2

3RD Step. Analyze and evaluate client data. Analyzing and evaluating the financial status of a client often requires that planners build a team of experts. The other steps of the process can be facilitated without the need of a team.

Question 3

A financial advisor who is counseling a client will

Answer 3

Refocus the discussion on the present and build a plan of action. Financial advisors often counsel clients to help them relax and refocus on changing their present situation. The other choices describe directive interviewing