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NACVA CVA Exam - Topic 1 Question 23 Discussion

If the funding of the forgoing requirements has been provided for through life insurance taken out in prior years that insurance should be reviewed as to both amount and type. The necessary amounts of insurance can change for several reasons. All of the following are those reasons EXCEPT:
D) Potential earnings
A) Inflation
B) Increased value of the business
C) Makeup of business ownership

NACVA CVA Exam - Topic 1 Question 23 Discussion

Actual exam question for NACVA's CVA exam
Question #: 23
Topic #: 1
[All CVA Questions]

If the funding of the forgoing requirements has been provided for through life insurance taken out in prior years that insurance should be reviewed as to both amount and type. The necessary amounts of insurance can change for several reasons. All of the following are those reasons EXCEPT:

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Suggested Answer: D

by Krissy at May 10, 2022, 02:09 AM

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Kara
10 months ago
I agree, but inflation seems like a stretch here.
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Yoko
11 months ago
Potential earnings should be considered, for sure!
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Claribel
11 months ago
Wait, can makeup of business ownership really change insurance needs?
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Herman
11 months ago
I think increased business value is a valid reason too.
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Olene
11 months ago
Inflation definitely affects insurance needs.
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Lourdes
11 months ago
Potential earnings seem like they could influence insurance amounts, but I wonder if they really fit in this context.
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Sena
11 months ago
I think the increased value of the business definitely affects insurance needs, so that might not be the right answer.
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Lashonda
11 months ago
I remember discussing how inflation can impact insurance needs, but I'm not sure if it's a reason for changing the amount.
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Stephanie
11 months ago
I feel like the makeup of business ownership could change insurance requirements too, but I can't recall if it's a direct reason.
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Bernardine
11 months ago
Okay, let's think this through step-by-step. The order is for 120 mg of furosemide IV STAT, and the stock injection is 40 mg/2 ml. We need to figure out how many ml of the stock injection we need to deliver the 120 mg dose.
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Brett
11 months ago
I think Open Queue might be enabled in the Licensing tab, but I'm not entirely sure if that's in the License Manager or something else.
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Marshall
12 months ago
This looks like a straightforward question about GoldenGate features. I'll need to carefully review the options and think about which ones are correct.
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