Chapter 4 Review Questions
The practitioner’s discussion of a product over the telephone
The practitioner’s stating or implying that he or she has skills, experience or credentials that are not possessed
The practitioner’s failure to provide a complete comparison
The practitioner’s failure to provide full disclosure
If the agent is a registered investment adviser
If the agent has a Series 6 or Series 7 registration
Upon application to the SEC
Never
The term used obscures the true identity and nature of the product
The product would need to be governed by ERISA legislation
Private pensions refer only to modified endowment contracts
There is no ethical concern in referring to a life insurance policy as a private pension
The approach
The fact-finding interview
The closing interview
The delivery interview
Selection of the appropriate product
Communication about the recommended product
Both a and b
Neither a nor b
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