LCO Quiz Whizz S2 Ep. 3

​LCO Quiz Whizz S2

Ep. 3

PRE | ESI

​Platinum Retirement Elite

PRE

Multiple Choice

What are the Target Retirement Age options for PRE?

• 50 to 75

• 55 to 75

• 50 to 85

• 55 to 85

Multiple Choice

What are the Target Payout Period options for PRE?

• Minimum 5 years, OR up to age 100

• Minimum 10 years, OR up to age 100

• Minimum 5 years, OR up to age 95

• Minimum 10 years, OR up to age 95

Multiple Choice

The Target Monthly Retirement Income will be paid to you by redeeming units from your policy value. Which of the following is true if the policy value falls to zero?

• If the policy value falls to zero within the first 10 years, AIA will cover the difference and continue to give Retirement Income.

• If the policy value falls to zero within the first 5 years, AIA will ask the client for a top-up for the remaining years left.

• If the policy value falls to zero within the first 5 years, AIA will terminate the policy.

• If the policy value falls to zero within the first 4 years, AIA will put the client on premium holiday charges.

Multiple Choice

Which of the following is not part of PRE's Fees and Charges

• Premium Charge

• Benefit Charge

• Premium Holiday Charge

• Supplementary Charge

Multiple Choice

While the policy is inforce and provided all the premiums are paid, we will pay a Power-up Bonus from the end of the tenth policy year and at the end of every fifth policy year thereafter. The Power-up Bonus is calculated as follows:

• SP: 2.5% of SP

  RP: 12.5% of RP

• SP: 2.5% of SP

  RP: 15% of RP

• SP: 5% of SP

  RP: 12.5% of RP

• SP: 5% of SP

  RP: 15% of RP

​Elite Secure Income

ESI

Multiple Choice

What do the Secure Payout period and Target Payout period mean?

• Secure Monthly Income is the guaranteed income that you will receive and it will be at least 100% of your basic premium invested.

  Target Monthly Income pays out during the remainder of the Payout Period via the redemption of units from the fund.

• Target Monthly Income is the guaranteed income that you will receive and it will be at least 100% of your basic premium invested.

  Secure Monthly Income pays out during the remainder of the Payout Period via the redemption of units from the fund.

Multiple Choice

Can the Payout Age, Monthly Income or Payout Period be changed after the policy has been incepted?

• All 3 Payout Age, Monthly Income or Payout Period can be changed

• Only the Payout Age and Payout Period can be changed

• Only the Payout Age and Monthly Income can be changed

• None of the above can be changed

Multiple Choice

Boost your capital with a perpetual Power-up Bonus from the end of the 10th policy year and every 5 years thereafter.

• SP: 2.5%

  5-Year RP: 12.5% of RP

  10-Year RP: 25% of RP

• SP: 5%

  5-Year RP: 15% of RP

  10-Year RP: 25% of RP

• SP: 2.5%

  5-Year RP: 10% of RP

  10-Year RP: 20% of RP

• SP: 5%

  5-Year RP: 10% of RP

  10-Year RP: 20% of RP

Multiple Choice

What are the Payout Age options for ESI?

• Age 65,

  Age 70,

  Age 75

• Age 60,

  Age 65,

  Age 70

• Age 60,

  Age 65,

  Age 75

• Age 60,

  Age 70,

  Age 80

Multiple Choice

Your capital is guaranteed provided that all premiums payable are up to date, no withdrawals from basic premium unit and bonus unit were made, and the policy has not been previously reinstated.

• True

• False

Multiple Choice

What are the Funds available for ESI?

• Elite Conservative,

  Elite Balanced

• Elite Conservative,

  Elite Balanced,

  Elite Adventurous

• Elite Conservative,

  Elite Balanced

  AIA Portfolio 100

• Elite Conservative,

  Elite Balanced,

  Elite Adventurous

  AIA Portfolio 100