LCO Quiz Whizz S2 Ep.7

LCO Quiz Whizz S2 Ep.7

Smart Goal 10 | Smart Flexi Rewards

Smart Goal 10

Multiple Choice

What are the premium and policy term options for Smart Goal 10?

• Premium: 1 or 3 years

  Policy term: 10 years only

• Premium: 3 years only

  Policy term: 10 years only

• Premium: 1 or 3 years

  Policy term: 10 or 15 years only

• Premium: 3 years

  Policy term: 10 or 15 years only

Multiple Choice

When is the capital fully guaranteed?

• After year 3 when premiums are fully paid.

• After year 5

• After year 7

• Upon policy maturity

Multiple Choice

Is there death benefit for Smart Goal 10?

• Yes, 101% of total premium or guaranteed cash value

  AND any bonuses added to your Basic Policy

• Yes, 101% of total premium or guaranteed cash value

• Yes, Total premiums paid

  AND any bonuses added to your Basic Policy

• Yes, Total premiums paid

Multiple Choice

Is there TPD benefit for Smart Goal 10?

• Yes, if the insured amount exceeds $100,000

• Yes, if the cash value is higher then the premium paid

• Yes, regardless of any insured amount

• No, there is no TPD benefit

Multiple Choice

What happens if you do not make payment for the 2nd year?

• The policy will lapse and no value will be returned

• The policy will lapse and premiums will be returned

• The policy will lapse and 25% of the premiums will be returned

• The policy will be on premium holiday

Smart Flexi Rewards

Multiple Choice

How much is the guaranteed coupon amount?

• 35% of Sum Assured

• 40% of Sum Assured

• 45% of Sum Assured

• 50% of Sum Assured

Multiple Choice

When does the guaranteed yearly coupon benefit start paying out for the Regular Pay premium option?

• Starting from the 2nd policy anniversary

• Starting from the 3rd policy anniversary

• Starting from the 4th policy anniversary

• Starting from the 5th policy anniversary

Multiple Choice

What are the coverage periods for the 5 years and 10 years premium options?

• 5y: 10-30 years

  10y: 15-30 years

• 5y: 15-30 years

  10y: 15-30 years

• 5y: 10-30 years

  10y: 20-30 years

• 5y: 15-30 years

  10y: 20-30 years

Multiple Choice

Annual Coupon can be accumulated or withdrawn. Which of this is true?

• The total value upon maturity will be the same regardless if the coupon is accumulated or withdrawn.

• Once the client decides to accumulate or withdraw, the decision cannot be changed.

• The total value upon maturity will be higher if the coupons are accumulated as they are reinvested into the par funds.

• The coupon withdrawn can only be used to pay for AIA policies

Multiple Choice

Are there premium waiver riders for Smart Flexi Rewards?

• Payor Benefit Rider(s) only

• Premium Waiver Rider(s) only

• Payor Benefit Rider(s) and Premium Waiver Rider(s)

• No premium waiver riders.