BIF’s Exam Prep course progresses students through 3 levels of understanding. For each topic, we provide our students with a first step, then a second, and finally a third. Hal doesn't expect you to run 20 miles on week 1 and we don't expect you to answer marathon-level questions on day 1. Instead, we build your understanding (and your confidence) over time to the appropriate level to achieve success on Exam day. Here are BIF’s levels of understanding:
Hal is right. Motivation remains key. BIF's Exam Prep course provides the motivation to continue and never quit by progressing through topics the right way. The motivation to begin comes from you. Are you ready?
Ready to test your knowledge of investment planning? We've collected some CFP® Exam practice questions on investment planning including insights into the correct answer to help you get ready.
If you're sweating case studies on the CFP® Exam, don't worry! Jerry and Adam sit down to talk about their best tips and tricks to tackle your case studies!
Test your knowledge! We rounded up some insurance planning practice questions to help you get ready for the CFP® Exam.
This question was discussed in detail during the December 2020 episode of the BIF Bites podcast!
Todd has an unlimited major medical policy with a $350 deductible and 80/20 coinsurance to a $5,000 stop-loss. Todd has a claim of $10,000. How much must he pay out-of-pocket?
Correct answer: B. $1,350
Instructor insight:
The total claim is $10,000. This brings the policy over the stop-loss limit. The payments from the Insured and Insurer can be determined as follows:
