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AAFM CWM_LEVEL_2 Exam - Topic 4 Question 16 Discussion

Section C (4 Mark)Read the senario and answer to the question.Sajan wants to cover for the expenses of his family without compromising their present lifestyle till the expected life time of Jennifer in case of his untimely death. He consumes 8% of monthly expenses exclusively on self. You advise him that the child plan covers a different goal. Assuming the cover proceeds are invested in a Balanced MF scheme, he should supplement his cover by taking a term insurance for _________ immediately to cover such future expenses. (Please ignore taxes and charges, if applicable, in regular withdrawals from Balanced MF scheme to meet proposed monthly expenses).
A) Rs. 78 lakh
B) Rs. 85 lakh
C) Rs. 79 lakh
D) Rs. 76 lakh

AAFM CWM_LEVEL_2 Exam - Topic 4 Question 16 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 16
Topic #: 4
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

Sajan wants to cover for the expenses of his family without compromising their present lifestyle till the expected life time of Jennifer in case of his untimely death. He consumes 8% of monthly expenses exclusively on self. You advise him that the child plan covers a different goal. Assuming the cover proceeds are invested in a Balanced MF scheme, he should supplement his cover by taking a term insurance for _________ immediately to cover such future expenses. (Please ignore taxes and charges, if applicable, in regular withdrawals from Balanced MF scheme to meet proposed monthly expenses).

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Suggested Answer: A

by Venita at May 05, 2022, 12:05 PM

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Lezlie
10 months ago
Rs. 76 lakh could work if they cut some expenses!
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Trinidad
11 months ago
Wait, are we sure about these numbers? Sounds a bit off to me.
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Timothy
11 months ago
Rs. 79 lakh seems reasonable, but how did they calculate that?
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Roselle
11 months ago
I think Rs. 85 lakh might be a bit too much, don’t you think?
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Samira
11 months ago
Looks like Rs. 78 lakh is the right amount to cover those expenses!
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Chaya
11 months ago
I think I've got a good handle on this. The key is to remember that Presence and IM have slightly different delivery paths. I'm leaning towards option A as the correct answer.
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Lettie
11 months ago
I'm a bit unsure about this one. I'll need to walk through the loop increment and termination conditions to determine the correct statement.
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Lucina
11 months ago
I think AAMS is indeed supported on Windows Server 2012 R2, but I'm not completely sure if it needs to be co-resident with AACC.
upvoted 0 times
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Haydee
12 months ago
I'm a little confused by the wording of the question. What's the difference between a "direct lookup" and an "indirect lookup"? I'll have to think about that a bit more before answering.
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