200+ Free ChFC Practice Questions
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Key Facts: ChFC Exam
8
Required Courses
The American College
70%
Passing Score
Per course exam
12-18 mo
Typical Completion
Self-paced
$6,995
Program Package
The American College
100
Questions per Exam
Approximate
2 hrs
Exam Duration
Per course
The ChFC program requires completing eight courses (HS 300, HS 311, HS 321, HS 328, HS 331, HS 351, HS 332, HS 347) with a 70% passing score on each course exam. The comprehensive curriculum covers all aspects of financial planning including special needs planning and behavioral finance. The ChFC is equivalent to the CFP in rigor but does not require a comprehensive board exam. Course exams are approximately 100 questions with 2-hour time limits.
About the ChFC Exam
The Chartered Financial Consultant (ChFC) designation from The American College of Financial Services is an advanced financial planning credential. The program consists of eight courses covering the financial planning process, insurance, taxation, investments, retirement planning, estate planning, special needs planning, and contemporary applications in financial planning.
Questions
100 scored questions
Time Limit
2 hours per course exam
Passing Score
70% per exam
Exam Fee
$985 per course / $6,995 package (The American College of Financial Services)
ChFC Exam Content Outline
HS 300: Financial Planning Process
Client data gathering, financial statements, time value of money, education planning, regulatory environment, and ethics
HS 311: Insurance Planning
Life insurance, health insurance, disability income, long-term care, annuities, and risk management
HS 321: Income Taxation
Individual taxation, business taxation, property taxation, tax credits, AMT, tax compliance, and tax strategies
HS 328: Investments
Securities types, portfolio theory, asset allocation, equity investments, fixed income, mutual funds, and performance measurement
HS 331: Retirement Planning
Qualified plans, IRAs, Social Security, Medicare, retirement income strategies, and distribution rules
HS 351: Estate Planning
Estate transfers, wills, trusts, gift tax, estate tax, probate, estate liquidity, and business succession
HS 332: Special Needs Planning
Planning for disabled family members, special needs trusts, ABLE accounts, and government benefits
HS 347: Contemporary Applications
Case analysis, behavioral finance, integrated planning, and contemporary financial planning issues
How to Pass the ChFC Exam
What You Need to Know
- Passing score: 70% per exam
- Exam length: 100 questions
- Time limit: 2 hours per course exam
- Exam fee: $985 per course / $6,995 package
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
ChFC Study Tips from Top Performers
Frequently Asked Questions
What is the ChFC designation?
The ChFC (Chartered Financial Consultant) is an advanced financial planning designation from The American College of Financial Services. It requires completing eight courses covering all aspects of financial planning, including special needs planning which is not covered in the CFP curriculum.
How does ChFC compare to CFP?
Both designations require extensive financial planning education. ChFC requires eight courses vs. CFPs seven, and includes special needs planning and behavioral finance. CFP requires a comprehensive board exam; ChFC does not. Both are highly respected in the industry.
What are the ChFC course exams like?
Each course exam is approximately 100 multiple-choice questions with a 2-hour time limit. A passing score of 70% is required. Exams are administered online through The American College with remote proctoring.
How long does it take to complete the ChFC program?
Most candidates complete the ChFC program in 12-18 months, studying one course at a time. Each course requires 40-60 hours of study. The program is self-paced, allowing candidates to progress according to their schedule.
What career opportunities does the ChFC open up?
The ChFC designation qualifies professionals for comprehensive financial planning roles, including wealth management, retirement planning, estate planning, and special needs planning. ChFC holders often work as financial planners, wealth advisors, insurance professionals, and retirement specialists.