Btc

ILP gives more flexibility and transparency on the protection and investment portfolio?

• true
• false

Which statement is CORRECT?

• All GE IL products apply the same allocation rate
• Premium is proportional to the sum assured
• ILP provides better coverage and benefit to Insured than Traditional Products
• Life Insured or Policyowner needs to regularly review the benefits

ILP premium will be allocated to purchase insurance first, the balance will purchase investment units.

• true
• false

Which of the following is NOT true for ILP?

• As long as the TIV sufficient to pay the COI, policy stays in-forced
• Wide variety of benefits available to choose from depending on needs
• Flexibility on choosing level of protection and investment
• Promise higher returns than Traditional life insurance

The below are the factors affecting the total COI, EXCEPT

• Sum Assured
• Health Condition (Medical History)
• Term of coverage
• None of above

As long as premium is paid regularly throughout the policy term, the policy will not lapsed

• true
• false

Which is NOT the unique feature of ILP?

• Choice of funds available to choose from…
• You bear all the investment risk
• Premium proportional to Sum Assured
• Benefits can be adjusted upwards and downwards

In normal circumstances, Life Insured can Partial Withdraw the Cash value (TIV) without affecting the sustainability of the policy

• true
• false

Which of the statements is TRUE

• The premium of ILP is guaranteed throughout the years.
• The insurance charges are not guaranteed
• The projected Cash values (TIV) are guaranteed
• Investment return has NO relationship with sustainability of policy <br />

Life Insured has right to exercise the below options, EXCEPT

• Premium Holiday
• Partial Withdrawal
• Vary of Sum Assured
• Non Lapse Guarantee