CFRE EXAM WITH FULL PACK
SOLUTIONS
An yannuity ybuyer ycan ypurchase ya ysingle-life yannuity yfor ythemselves. yThey ywill ybe
ypaid yin yinstallments, yand ywhen ythey ydie, ythe ycharity ykeeps/does ynot ykeep ythe
yprincipal. y- ycorrect yanswers y-keeps
A ybuyer ycan ypurchase yan yannuity yfor ythemselves yand ytheir yspouse, yand ythis yis
ycalled ya y_______________________ y- ycorrect yanswers y-two-life yannuity
A ydonor yreceives ycredit yfor ytheir ygift ywhen ythey ysend ya ycheck yin yan yenvelope
yon ywhat ydate? y- ycorrect yanswers y-date yof ypostmark yon yenvelope
Is yplacing ya ycheck yin yan yenvelope yand ymailing yit yconsidered yrelinquishing
ycontrol? yYes/No y- ycorrect yanswers y-yes
The ygeneral yprinciple yis ythe ydate ythat ythe ydonor
y______________________________ yof ythe ycharitable ydonations yis ythe ydate yof
ythe ygift y- ycorrect yanswers y-relinquishes ycontrol
SOLUTIONS
An yannuity ybuyer ycan ypurchase ya ysingle-life yannuity yfor ythemselves. yThey ywill ybe
ypaid yin yinstallments, yand ywhen ythey ydie, ythe ycharity ykeeps/does ynot ykeep ythe
yprincipal. y- ycorrect yanswers y-keeps
A ybuyer ycan ypurchase yan yannuity yfor ythemselves yand ytheir yspouse, yand ythis yis
ycalled ya y_______________________ y- ycorrect yanswers y-two-life yannuity
A ydonor yreceives ycredit yfor ytheir ygift ywhen ythey ysend ya ycheck yin yan yenvelope
yon ywhat ydate? y- ycorrect yanswers y-date yof ypostmark yon yenvelope
Is yplacing ya ycheck yin yan yenvelope yand ymailing yit yconsidered yrelinquishing
ycontrol? yYes/No y- ycorrect yanswers y-yes
The ygeneral yprinciple yis ythe ydate ythat ythe ydonor
y______________________________ yof ythe ycharitable ydonations yis ythe ydate yof
ythe ygift y- ycorrect yanswers y-relinquishes ycontrol