Practice Quiz

Financial Planner

Category - Risk Management and Insurance Planning

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In which case should a client consider having some type of insurance policy?
  1. A single mother who does not have substantial savings
  2. A homeowner who lives in a flood area
  3. An automobile owner who has a loan on his or her vehicle
  4. All of the above
Explanation
Answer: D - All of these should consider an insurance policy. The single mother should consider insurance for loss of earnings, either through disability or death, so that her dependents can be supported. All homeowners and automobile owners should consider obtaining insurance policies on their property.
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