FAMILY WEALTH FINALS
Authored by June Ulip
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55 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________ provides retirement benefits to private sector employees, self-employed individuals, and voluntary members.
PERA
SSS
GSIS
None of the Choices
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______ provides retirement benefits to employees in the national government, LGUs, government-owned and controlled corporations.
GSIS
SSS
PERA
None of the Choices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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