Question

Contingencies in financial planning refer to:

a.

Future provisions without earmarked funds

b.

Needs for accumulating wealth

c.

Unforeseen life events requiring pre-funding

d.

Investing for wealth accumulation

Answer: (c).Unforeseen life events requiring pre-funding Explanation:Contingencies in financial planning are unforeseen life events that may require pre-funding, such as loss of income due to death or disability, or loss of wealth due to events like a fire.

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Q. Contingencies in financial planning refer to:

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