You must score at least 80% to complete this topic.

1. In which stage of life cycle are expenses and the need for insurance the highest?

2. In which stage of the wealth cycle, does the investor consider transfer of wealth to his descendants?

3. A retired person should not have any money invested in equity. True or False?

4. There are two approaches to financial planning. Both have stages. Which type of planning has these stages – childhood, young unmarried, young married, married with children, etc?

5. In which phase should a person reduce (not eliminate) his exposure to equity?