ADVANCED FUNERAL PLANNING, 2ND EDITION Final Examination Questions Select the best answer for each question and mark your answers on the Final Examination Answer Sheet found on page 76, or complete your test online at EliteLearning.com/Book 35. Advanced funeral planning is the process of __________.
40. More than half of all the states have enacted a __________, which is a statutory obligation for survivors to honor the written wishes of the deceased. a. Personal preference law. b. Advanced funeral planning. c. Consumer state statute 239 CMR. d. Funeral Rule. 41. __________ trusts are also known as “payable on death” accounts. a. Simple. b. Totten. c. Complex. d. Irrevocable. 42. Most funeral practices are influenced by __________. a. Religion. b. Cultural traditions. c. Costs and personal choices. d. All of the above. 43. A person may continue to own exempt assets and receive _________ coverage for nursing home care. a. Compensation. b. Medicaid. c. Basic insurance. d. FLTCIP. 44. The __________ says that a provider must tell customers when the price the provider charges for cash advance items is different from the cost the provider pays for them. a. Department of Professional Regulations. b. Funeral Rule. c. Federal Trade Commission. d. International Order of the Golden Rule.
a. Discussing, defining, and recording specific and unique funeral wishes with a funeral home provider before the services, ceremonies, traditions, and rituals are needed. b. Creating formal arrangement where you pay for funeral products and services ahead of time. c. Giving your family the permission to choose services and merchandise for the deceased. d. None of the above. 36. __________ is/are specifically designed to provide extra money to the decedent’s family to cover his or her final medical expenses, burial costs, estate fees, or other costs incurred with the decedent’s death. a. State-regulated trusts. b. Funeral insurance. c. Final expense policies. d. Advanced planning contracts. 37. State-regulated trusts used to be the most common form of __________. a. Advanced planning financing. b. Preneed contracts. c. Open pay plans. d. Guided insurance. 38. “Single pay” plans are __________, no health questions asked. A face value is calculated at the agreement of payment. a. Nonguaranteed issue. b. Contract disclosure issue. c. Guaranteed issue. d. Whole-life issue. 39. A nonguaranteed advanced planning contract means that if the payment option selected is insufficient at the time of death to cover the total cost of the funeral chosen, __________. a. The survivors or estate must pay any difference. b. Monies can be taken out of the estate. c. Survivors or the estate will not have to pay out. d. The estate will go into probate.
Course Code: FTX04FP
EliteLearning.com/Funeral
Book Code: FTX1625
Page 44
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