knowledge topics
EFA Attributes
KNOWLEDGE EXPECTED OF: Both CFP® Professionals and QAFPTM Professionals
- Define an Eligible Funeral Arrangement (EFA).1
- Identify the requirements to enter into an Eligible Funeral Arrangement.
- Minimum 18 years old
- Possess the mental capacity to enter into a contract
- A resident of Canada at the time the arrangement is established
- Identify qualified persons who may establish and maintain an Eligible Funeral Arrangement.
- Funeral director
- Operator or owner of a cemetery, mausoleum, crematorium or columbarium
- Explain the factors that may be considered in establishing an Eligible Funeral Arrangement, such as:
- Funeral director or owner’s licensing status, trustworthiness and stability
- Growth rate of assets under arrangement
- Ability to lock-in costs of funeral
- Ability to transfer arrangement
- Ability to make rational decision during non-emotional time in life
Glossary of Verbs (mouse over to see definition)
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Define
To state exactly the meaning of
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Identify
To be aware of / to recognize and correctly name / to locate an appropriate resource
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Explain
To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it
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Compare
To note the similarities and differences between two or more things
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Estimate
To determine an approximate value for
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Calculate
To find the value using mathematics
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Convert
To change from one form or purpose to another
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Evaluate
To reach a conclusion or make a judgement through careful study
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Interpret
To give the meaning of / to construe or understand / to translate orally
Read more about the Taxonomy used in the FP-BoK
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