AFAP2 Mock Paper 1 — Quantifying Need & Trusts
The gentlest AFAP2 mock: calculating life and IP need, writing policies in trust, and basic business protection concepts. Two case studies, 30 marks, 45 minutes.
- Questions
- 30
- Minutes
- 45
- Pass (70%)
- 21/30
Sit it timed
The timer starts when you press the button. You can still finish after it runs out — it is there to mimic exam pressure, not to lock you out.
Free preview: the first 5 of 30 questions, with a timer to match. Unlock the full paper
Answer options are shuffled on every attempt. Your progress is saved as you go, so a refresh won't lose it.
About AFAP2 Mock Paper 1
This is mock paper 1 of 3 for AFAP2, the Protection — Unit 2 unit of CeMAP. The 3 papers in this unit run easier → harder so you can build up to exam standard rather than being thrown in at the deep end. This one sits in the easier tier: the wording is clean and the wrong answers are less subtle than the ones the examiner writes, so it is the right place to find out what you actually know.
Every question carries a written explanation, so a wrong answer tells you which rule you have misread instead of just costing you a mark. Questions are original, written against the 2025/26 five-unit CeMAP syllabus, and cover the material the way the examiner tests it — precise recall where recall is tested, and judgement where the paper wants judgement.
Format, timing and pass mark
AFAP2 Mock Paper 1 follows the live AFAP2 format: 20 standalone questions + 2 case studies × 5 linked questions, in 45 minutes — about 90 seconds a question. Pass mark 21/30 (70%), as in the real assessment. There is no negative marking, so answer everything. 2 case studies carry linked questions: read each scenario once, carefully, before answering any part of it.
What this paper tests
The 30 questions in AFAP2 Mock Paper 1 break down across 9 topic areas:
- Quantifying need5 questions
- Taxation5 questions
- Trusts5 questions
- Relevant life4 questions
- Key person3 questions
- Shareholder protection3 questions
- Suitability3 questions
- Family income benefit1 question
- Life assurance1 question
Try two questions from AFAP2 Mock Paper 1
These come from the free preview of this paper. Answer them, then reveal the explanation.
Quantifying need
A common starting point for life cover need on a breadwinner is:
- AOne times annual rent
- BOutstanding debts plus a multiple of income or capitalised income need until dependants are independent
- CThe client's age multiplied by 1,000
- DState Pension forecast only
Reveal the answer
B is correct. Life need analysis typically adds liabilities (mortgage, loans) to income replacement (often 5–10 times salary or a DCF of net income until children are independent).
Trusts
Writing a life policy in trust primarily helps:
- AAvoid paying any premiums
- BEnsure proceeds pass to chosen beneficiaries quickly, often outside the estate for inheritance tax and without waiting for probate
- CGuarantee the insurer cannot decline a claim
- DIncrease income tax on premiums
Reveal the answer
B is correct. Trusts speed up payment to beneficiaries and usually keep proceeds outside the settlor's estate for IHT. They do not affect underwriting or premium liability.
Scored under 70%? Revise these next
A near miss is almost always a calculation you cannot do under time pressure, a definition you half-know, or a rule you have never read in the examiner's words. Start with the topic areas above where you dropped marks, then:
- →Drill the calculations on the CeMAP formula sheet — LTV, income multiples, SDLT, APRC, ERCs and rental cover, each worked through.
- →Nail the terminology in the CeMAP glossary — a surprising share of wrong answers are a term you nearly knew.
- →Re-read the syllabus coverage on the AFAP2 exam guide, then sit the next paper in the ramp.
The other AFAP2 mock papers
3 timed mocks for this unit, running easier → harder. Sitting the whole ramp is what moves a borderline score to a comfortable pass.