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AAFM CWM_LEVEL_2 Exam - Topic 5 Question 31 Discussion

Section C (4 Mark)Read the senario and answer to the question.Calculate his Life Insurance Coverage Ratio based on his net worth.
C) 12.50
A) 11.23
B) 11.76
D) 13.50

AAFM CWM_LEVEL_2 Exam - Topic 5 Question 31 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 31
Topic #: 5
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

Calculate his Life Insurance Coverage Ratio based on his net worth.

Show Suggested Answer Hide Answer
Suggested Answer: C

by Teddy at May 05, 2022, 09:41 PM

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Leanora
5 months ago
I’m leaning towards option A, 11.23 seems low though.
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Sherill
5 months ago
Wait, is that really how you calculate it? Sounds off.
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Camellia
5 months ago
I disagree, it feels more like 11.76 to me.
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Ronald
5 months ago
I think it's definitely around 12.50.
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Kristofer
5 months ago
}
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William
5 months ago
]
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Stephen
6 months ago
"practice pattern"
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Marylou
6 months ago
false,
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Yesenia
6 months ago
"Another memory: similar questions asked to match the calculation to the closest option.",
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Leontine
7 months ago
{
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Alverta
7 months ago
},
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Stephen
7 months ago
"practice percent conversion"
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Marylou
7 months ago
true,
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Yesenia
7 months ago
"I think it's a percentage, so divide by net worth and multiply by 100.",
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Nathan
8 months ago
{
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Nickole
8 months ago
},
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Stephen
8 months ago
"similar practice questions"
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Marylou
8 months ago
false,
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Yesenia
8 months ago
"Practice Qs gave options like 11.23, 11.76, 12.50, 13.50; you choose after computing.",
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Vanesa
8 months ago
{
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Stephen
9 months ago
"formula direction"
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Julio
9 months ago
13.50 seems way too high for a coverage ratio!
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Cherilyn
9 months ago
}
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Clarence
9 months ago
},
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Marylou
10 months ago
true,
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Yesenia
10 months ago
"We studied the Life Insurance Coverage Ratio as life insurance divided by net worth, times 100—I'm not entirely sure about the direction.",
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Arlette
10 months ago
{
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Rana
10 months ago
[
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Yolando
10 months ago
{
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Lelia
10 months ago
I've got this! I know the formula for the Life Insurance Coverage Ratio, so I can plug in the numbers and get the right answer.
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Erick
11 months ago
I'm a bit confused by the wording of the question. I'll need to read it carefully to make sure I understand what they're asking.
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Micheline
11 months ago
Okay, let me think this through step-by-step. I need to find the net worth and then calculate the ratio.
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Dean
11 months ago
Hmm, I'm not sure how to approach this. I'll need to review the formula for the Life Insurance Coverage Ratio.
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Sylvie
11 months ago
This looks like a straightforward calculation, I should be able to handle this.
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Kirby
11 months ago
I'm a bit confused on this one. Is the Architecture Contract a timeline showing progression from the Baseline Architecture to the Target Architecture? I'll have to review my notes to be sure.
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Dorothy
11 months ago
Okay, I've got a strategy for this. The question is asking about the object that holds the data to support the Provider Search feature, so I'll focus on identifying which option best matches that description.
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Alpha
11 months ago
Hmm, I'm a bit unsure about the difference between demand and price fluctuations here. I'll need to re-read the question carefully to make sure I understand the context.
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Anissa
11 months ago
I've got this! The three states are running, starting, and stopped. Easy peasy.
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Lon
12 months ago
I'm a bit confused about how to factor in life expectancy. Should I calculate monthly withdrawal based on remaining years?
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