Question

What is the primary objective of financial planning?

a.

Accumulating as much wealth as possible

b.

Ensuring the latest mobile phones and cars

c.

Meeting anticipated and unforeseen financial needs

d.

Satisfying instant pleasures and desires

Posted under IC38 Life Insurance Agent Exam

Answer: (c).Meeting anticipated and unforeseen financial needs Explanation:The primary objective of financial planning is to meet various anticipated and unforeseen financial needs. Financial planning aims to ensure that individuals can achieve their financial goals, manage their risks, plan for retirement, handle tax and estate matters, and finance their needs effectively.

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Q. What is the primary objective of financial planning?
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