79 Life Insurance And Answers

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1. The basic ideas for how life insurance works are:a. Minimize the impact of risk (the possibility of loss / damage)b. Avoiding the effects of risk (the possibility of loss / damage)c. Eliminate the effect of risk (the possibility of loss / damage)d. Cause risk impact (possible loss / damage)

a. Minimize the effect of risk (the possibility of loss / damage)

two. In the contribution of life coverage, a person’s mechanical skills are:a. Real / tangible assetsb. Intangible assetsc. Shadow assets / foreshadowd. Physical assets

b. Intangible assets

three. When there is a sudden death of an insured then the following statement is true?a. The family will get some funds promised in sync with life insurance contracts.b. The contract agreement becomes voidc. The insurance company chooses a person to receive a certain amount of funds paidd. The family only receives a certain amount of funds paid as much as deposited to the insurance company.

a. The family will get a number of funds promised in sync with the soul premium contract

4. In the case of extrim, a life insurance policy with limited payments imposes:a. Premiums per quarterb. Annual premiumc. Monthly premiumd. Single premium

five. What is the disparity between participation and non-participation policies?a. Participation policies are more expensive based on non-participation policiesb. Non-participation policies are predicted to be more expensive than participation policiesc. Non-participation policies are more than participation policiesd. Participation policies have more participants according to the non-participation policy.

a. Participation policies are more expensive according to non-participation policies

6. Life insurance relieves the pressure on the people’s welfare system caused by this:a. Life insurance raises a person’s financial concernsb. The premiums collected are allocated to the welfare of citizens, such as road construction and government infrastructure.c. Life insurance relieves pressure on government revenues so that it can allocate funds for the welfare of the community using a better way.d. Life insurance encourages individuals to buy life insurance contributions to protect themselves according to the instability of the community’s economy.

c. Life insurance relieves pressure on government revenues so that it can allocate funds for the welfare of citizens in a better way.

7. In the lifetime life premium policy, the insured party:a. Can get a loanb. Unable to surrender the policec. Can issue your own policyd. Unable to move the police

8. Most general insurance policies are issued:a. For the short termb. For a long period of timec. For short periods and long periods of time when longd. Temporarily

9. The life premium contract protects a person against:a. Economic lossesb. Sentimental lossc. Psychological disadvantagesd. Emotional loss

10. In the lifetime life premium policy, the insured party:a. Pay insurance until the time he diesb. Pay premiums only in the current termc. Pay insurance only once in a lifetimed. Not paying for insurance at all

a. Paying dues until the time he died

11. The extension feature of the term coverage contribution policy means:a. Extension with reference / note that the condition can be insuredb. Renewal without further insurance paymentc. Renewal using additional paymentsd. Extension without a certificate / need to refer to the ability of the insured’s dues account.

d. Extension without certificate / need to refer to the ability of the insured’s dues

Things to consider when deciding on the type of investment are:1). Purpose of investing, amount of tax and level of risk2). Capital addition, market criteria & interest ratesthree). Time & liquiditya. Only the number 1b. Only the number twoc. Only number 3d. Only number 1 & three is correct

13. Good allocation & form:a. Required income using low riskb. High income using high riskc. Low income with high riskd. Low income without risk

a. Required income using low risk

14. The benefits obtained from bonds are in the form of:a. High risk, high return on investmentb. Low risk of using return collateralc. Medium risk, low return on investmentd. High risk & low investment return

b. Low risk with guaranteed return

15. Modification of endowment policy promises:a. Scheduled payments onlyb. Only total payment/lump sum in when the insured is absent c. Benefits of lump sum when the insured dies / end of the contract if the insured is still alived. There is no payment if the insured is killed

c. Benefits of lump sum in the time of the insured dies / end of the contract if the insured is still alive

16. Early claims occur when:a. The policyholder dies at 1 year of the start of the policyb. The policyholder died at the time of the policyc. Policyholders survive until the end of the policy termd. The policyholder dies after the completion of 1 year of the start of the policy

a. Policyholder dies at 1 year of policy start

17. When compared to traditional life insurance contributions, unit link life insurance products are generallyTend to have:a. Low riskb. High riskc. Moderate riskd. There is no risk

18. A simple statement stating that the insured party has completed the application form and premiums are included in the essence of the contract.a. Legal capacityb. Mutually beneficial agreementsc. Considerationd. Legitimate purpose

19. In the contribution of life coverage, the terms of claim are:a. Request from the policyholder for the promise made by the agentb. An agent’s request for an appointment made by the insurerc. Request from the policyholder on the promise formed by the insurerd. Request of the insurer on the promise formed by the policyholder

c. Request from the policyholder for the promise made by the insurer

20. Rider on the life premium policy:a. Personally attached with a basic policyb. Not personally attached to the basic policyc. Not an implicit provisiond. Is an implied provision

b. Not personally attached using a basic policy

21. The suicide clause is included in the police to protect:a. Agentb. Regulatorc. Insuredd. Liability dues party

How to issue a unit link policy is known by:1). Single price / single pricetwo). Bid price / ask price3). Over price / more price4). Offer price / offer pricea. 1,two,3 validb. two,3,4 correctc. 1,2,4 validd. All valid

23. Bank deposits according to insurance companies can be withdrawn:a. At the time of opening a new depositb. Only after the closure of the companyc. At maturity timed. At the time of sale of deposits

24. The correct relationship insurable interest is:a. There is no financial dependence between policyholders and insurersb. The existence of financial dependence between the insured and the insurerc. There is a financial dependence between the policyholder and the insuredd. There is a dependence between the insured and the insurer

c. The existence of financial dependence between policyholders using the insured

25. Basically unit link life insurance policy is used:a. For protection against risk into an investmentb. For savings and investmentsc. Only make investmentsd. Only protect against risk

a. For protection against risk to become an investment

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