Sample card prompts

• If a group term life insurance plan is found to be discriminatory, how is the income of a 'key employee' affected regarding their coverage?
• What specific IRS table must be used to calculate the monthly imputed income for group term life insurance coverage exceeding \$50,000?
• How is the 'amount of coverage' for Table I purposes defined when an employee has \$450,000 in non-discriminatory group term life insurance?
• If an employer provides 300,000 of group term life and the Table I rate is \$0.15 per 1,000 per month, what is the monthly imputed income?
• Under the CFP Mindset Hierarchy, what is the first step a planner should take when a client reveals a new life event, such as a \$1,400,000
• A client sells a gifted asset for a price between the donor's original basis and the FMV on the date of the gift. What is the tax consequenc
• At what point should a client stop exercising Incentive Stock Options (ISOs) to avoid triggering the Alternative Minimum Tax (AMT)?
• What is the primary quantitative reason for rejecting a Net Unrealized Appreciation (NUA) election for employer stock inside a 401(k)?
• How many life insurance policies are required for a cross-purchase buy-sell agreement involving 5 partners?
• To qualify a trust gift for the gift tax annual exclusion (\$19,000 in 2026), what power must be granted to the beneficiaries?
• How does duration typically estimate the price change of a bond when interest rates rise?
• Why is a zero-coupon bond considered the perfect instrument for precise liability immunization?

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