FAMILY WEALTH FINALS

________ provides retirement benefits to private sector employees, self-employed individuals, and voluntary members.

• PERA

• SSS

• GSIS

• None of the Choices

The following are benefits of Incorporating the Estate, EXCEPT?

• Protection from creditors, lawsuits, and legal issues

• Limiting litigation process

• Guaranteed tax exemption

  
  

• None of the Choices

_______ provides retirement benefits to employees in the national government, LGUs, government-owned and controlled corporations.

• GSIS

  
  

• SSS

• PERA

• None of the Choices

In the elements of Estate Planning, Wealth Preservation means? 

• Disposition according to the law

• Follows the desire of the estate

• Allows the estate to grow in value

• None of the choices

  
  

Which of the following is the reason why not saving for retirement is dangerous?

• You won’t maintain your health

• You can tarnish relationships with people around you

• All of the Choices

  
  

• You can’t pay for medical bills

In today’s day and age, retirement can last for several decades because of increasing life expectancy. This is what importance of Retirement Planning?

• Lifestyle Maintenance

• None of the Choices

• Start Early

• Longevity Risk

  
  

Appointing someone to make property and personal care decisions when you are unable to is what step in creating your Estate Plan?

• Step 4

• None of the Choices

• Step 5

  
  

• Step 10

Naming your newly bought property to your next of kin usually causes what problem in Estate Planning?

• Family Conflict

• Unsecured Future Needs of the Family

• Shrinking Estate

• Unsecured Estate Owner’s Welfare

  
  

The following statements are true when it comes to Estate Planning, EXCEPT?

• Always provides maximum benefit

  
  

• Detailed and systematic study of an individual’s personal and financial affairs

• Disposition of assets to heirs / beneficiaries

• Simply planning for your death

The following companies provides Private Retirement Plans, EXCEPT?

• BDO

• SSS

• Sunlife