American Bankers Association Exam CTFA Topic 11 Question 66 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 66
Topic #: 11

[All CTFA Questions]

Short-duration contracts provide insurance protection for fixed period and can cancel the contract at the end of any contract period.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: D

by Deandrea at May 21, 2024, 02:17 AM

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Mozelle

21 days ago

Wait, so do I have to read the fine print to figure this out? Where's the 'none of the above' option when you need it?

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Eun

2 days ago

User 1: True

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Vanna

1 months ago

Haha, this question is a real head-scratcher. I'll just flip a coin and hope for the best!

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Joaquin

22 days ago

User 3: I'm not sure, maybe I should flip a coin too.

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Laurel

25 days ago

User 2: I'll go with false.

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Amos

1 months ago

User 1: I think it's true.

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Ashton

1 months ago

False, that can't be right. Short-term contracts usually lock you in for the full term, don't they?

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Tora

17 days ago

False, short-term contracts do provide the option to cancel at the end of each period.

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Lindsey

19 days ago

Short-term contracts can actually be cancelled at the end of each contract period.

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Gwenn

29 days ago

A) True

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Avery

2 months ago

I think this is true. Short-duration contracts give you the flexibility to adjust your coverage as needed.

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Rolf

1 months ago

That's right, you can cancel at the end of any contract period.

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Leota

1 months ago

A) True

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Willetta

1 months ago

I agree, short-duration contracts do offer flexibility.

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Buddy

1 months ago

A) True

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Ronald

2 months ago

I think it's true because short-duration contracts do provide insurance protection for a fixed period and can be cancelled at the end of each period.

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Svetlana

2 months ago

A) True

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Ronald

2 months ago

Short-duration contracts provide insurance protection for fixed period and can cancel the contract at the end of any contract period.

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