4.Which of the following statements is true about Creditor insurance?

1. Coverage remains the same as the mortgage balance declines
2. Transferable to a new lender
3. The lender is the beneficiary
4. Individual underwriting
5. All of the above

5.Flexible/discretionary expenses include:

1. Loan & mortgage payments
2. Travel & Leisure
3. Taxes
4. Housing expenses

6.To determine a clients income a Financial Advisor will need to assess the following documents:

1. Insurance policy
2. Pay Stub / Statement
3. Investment account statements
4. All of the above
5. b & c