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What type of information must the agent provide when presenting a plan?

a. Complete

b. Accurate

c. Unsubstantiated

d. Factual

Answer:

An agent must provide accurate and factual information when presenting a plan to avoid misleading consumers, adhering to FTC regulations and the principle of 'Caveat emptor'.

When presenting a plan, an agent must ensure that the information provided is both accurate and factual. This means that the details shared about the plan should be based on evidence and data, and can be proven to be correct.

According to the Federal Trade Commission (FTC), it is important for agents to provide accurate information to consumers. Claims made about a product or service should not be misleading or unsubstantiated. In the realm of advertising, language and images may be exaggerated, but they should not be false. Agents must verify the information they share to avoid spreading false claims.

By providing accurate and factual information, agents can build trust with consumers and maintain their reputation. This practice also aligns with the principle of 'Caveat emptor,' which means 'let the buyer beware.' Consumers should have access to truthful information to make informed decisions.

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