All About PAA

All About PAA

Professional Development

20 Qs

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All About PAA

All About PAA

Assessment

Quiz

Other

Professional Development

Practice Problem

Easy

Created by

Rob Santos

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The PRULink Assurance Account Plus (PAA Plus) is a regular-pay (payable up to age 100) unit-linked life insurance product. It provides living, disability and death benefits. It is only available in peso denominations.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the issue age of Accelerated Total and Permanent Disability

0-60 yrs old

0-65 yrs old

0-70 yrs old

0-73 yrs old

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What year does the fund allocation for PAA Plus becomes 100%

Year 4

Year 2

Year 5

Year 3

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many free switch for fund in PAA Plus

1

2

3

4

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Extra charges shall be deducted monthly through cancellation of units for substandard cases as long as the policy is in force.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true about Loyalty Bonus for PAA Plus

Years 10-20: 10% for peso or 5% for dollar

Years 10-20: 10% for peso or 5% for dollar

Years 11-20: 10% for dollar or 5% for peso

Years 11-20: 10% for peso or 5% for dollar

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

PAA Plus commission on top-up premiums is

2.50%

2.25%

2.20%

None of the above

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