100+ Free CFP Module 2 Practice Questions

Pass your FPAM CFP Certification Module 2 - Insurance Planning and Estate Planning (Malaysia) exam on the first try — instant access, no signup required.

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Key Facts: CFP Module 2 Exam

75 Q

Exam Questions

FPAM Official Guidelines

3 Hours

Time Limit

FPAM Official Guidelines

50%

Passing Score

FPAM Official Guidelines

RM 350

Exam Fee

FPAM Fee Structure

4 / Year

Exam Windows

FPAM Exam Calendar

Lifetime

Validity

FPAM Certification Terms

CFP Module 2 is a 75 MCQ, 3-hour exam administered by FPAM with a 50% passing threshold covering Insurance and Estate Planning.

Sample CFP Module 2 Practice Questions

Try these sample questions to test your CFP Module 2 exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1What is the primary purpose of life insurance?

A.Tax avoidance

B.Wealth accumulation

C.Income replacement

D.Health coverage

Explanation: Life insurance replaces income upon death.

2Which principle states the insured must suffer a financial loss?

A.Utmost Good Faith

B.Insurable Interest

C.Indemnity

D.Subrogation

Explanation: You must suffer loss to have an insurable interest.

3A client earns RM 100,000/yr. Needs 50% for 10 years. What is the cover needed? (0% discount)

A.RM 500,000

B.RM 1,000,000

C.RM 250,000

D.RM 750,000

Explanation: 100k * 50% * 10 = 500k.

4What act governs non-Muslim wills in Malaysia?

A.Distribution Act 1958

B.Wills Act 1959

C.Probate Act

D.Trust Act 1949

Explanation: Non-Muslim wills are governed by the Wills Act 1959.

5Dying intestate with spouse and parents, no issue. How is the estate divided?

A.Spouse 1/2, Parents 1/2

B.Spouse 100%

C.Parents 100%

D.Spouse 2/3, Parents 1/3

Explanation: Distribution Act 1958: spouse 1/2, parents 1/2.

6Calculate Faraid distribution: Husband, Father, Mother, 1 Son, 1 Daughter. What is the Husband's share?

A.1/4

B.1/2

C.1/6

D.1/8

Explanation: With children, husband gets 1/4.

7Which of these is a pure risk?

A.Stock market crash

B.Gambling loss

C.House fire

D.Starting a business

Explanation: Pure risk has only possibility of loss or no loss.

8Under the principle of indemnity, the insured should:

A.Make a profit

B.Be restored to original financial position

C.Receive double compensation

D.Pay no deductibles

Explanation: Indemnity prevents profiting from insurance.

9What is the formula for calculating Human Life Value (HLV)?

A.Present value of future earnings minus self-maintenance

B.Future value of earnings

C.Total lifetime earnings

D.Present value of future savings

Explanation: HLV discounts future net earnings to present value.

10A document to amend an existing will is called:

A.Codicil

B.Affidavit

C.Trust deed

D.Power of Attorney

Explanation: Codicil adds to or amends a will.

About the CFP Module 2 Exam

Covers risk management, insurance products (life, health, general), policy analysis, and estate planning (wills, trusts, estate administration, Faraid) in Malaysia.

Assessment

75 multiple-choice questions spanning across two key areas of insurance and estate planning.

Time Limit

3 hours

Passing Score

50%

Exam Fee

RM 350 (Financial Planning Association of Malaysia (FPAM))

CFP Module 2 Exam Content Outline

50%

risk-management-insurance-planning

Concepts of risk, life, medical, health and general insurance products, policy analysis, and insurance regulation in Malaysia.

50%

estate-planning

Laws of succession, wills, trusts, power of attorney, probate, estate administration, and Shariah estate planning/Faraid in Malaysia.

How to Pass the CFP Module 2 Exam

What You Need to Know

Passing score: 50%
Assessment: 75 multiple-choice questions spanning across two key areas of insurance and estate planning.
Time limit: 3 hours
Exam fee: RM 350

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

CFP Module 2 Study Tips from Top Performers

1Understand the key differences between various life and medical insurance products.

2Master the concepts of insurance needs analysis and be able to calculate coverage requirements.

3Familiarize yourself with the Malaysian laws of succession, including the Distribution Act 1958 and the Wills Act 1959.

4Ensure you know the processes involved in probate and estate administration.

5Study the fundamentals of trusts and the role of power of attorney.

6Understand the basic principles of Shariah estate planning and Faraid distribution.

Frequently Asked Questions

What is the passing score for the CFP Module 2 exam in Malaysia?

The passing mark is 50%, requiring at least 38 out of 75 questions answered correctly.

How often is the CFP exam conducted by FPAM?

Exams are held four times a year: in March, June, September, and December.

What topics are covered in the CFP Module 2 exam?

The syllabus is split equally into Risk Management & Insurance Planning (50%) and Estate Planning (50%).

Are there calculations in the CFP Module 2 exam?

Yes, the exam includes practical, calculation-based questions covering areas such as insurance needs analysis and probate/estate distribution calculation.

Is it possible to retake the CFP Module 2 exam if I fail?

Yes. Candidates can register for a resit in any subsequent exam window by paying the standard exam registration fee.