QUIZ BEELIS - ANNUAL COMPLIANCE & REFRESHER

Creation of Pru Life UK Facebook Page apart from Pru Life UK – Official is NOT allowed to ensure that brand-owned page are aligned.

• TRUE

• FALSE

Direct sharing of official Pru Life UK social media materials is highly encouraged.

• TRUE

• FALSE

Michael Reyes, 28 is interested to get a life insurance policy. His monthly gross income is 30,000. Using the SAF, to compute for Michael’s protection need, what is his protection shortfall if his youngest child is 6 years old and has not yet made any provision

• 5,040,000

• 5,400,000

• 3,600,000

• 450,000

Mr. Alfredo Cruz, a 35-year old manager wants to provide for his youngest child’s tertiary education in UP . His monthly gross income is 250,000. Using SAF what is Alfredo’s education shortfall?

Child’s age=1; Projected Tuition Fee in UP 1,289,901; Provision Made 100,000

• 1,389,901

• 1,039,901

• 1,189,901

Rodolfo Tuazon, 40-years old administrative supervisor who would like to seek options on how he would be able to receive continuous cash flow to cover for his monthly expenses and future medication when he retires at 60. Using SAF, how much is Rodolfo’s retirement fund?

Retirement age-60; Monthly allowance 15K;

Period to receive retirement 20 years; Provision Made for Retirement-1M.

• 1,800,000

• 2,600,000

• 3,600,000

• None of the Above

Monica Ferrer, a young and thriving coffee shop owner, wishes to expand her business in 5 years. She estimates that the branch will cost 5M.

If she has already 1.1M, how much is his savings shortfall for this expansion?

• 5M

• 5.5M

• 3.9M

• NONE OF THE ABOVE

A 60-year old widow whose husband died recently was approached by an agent. During the fact finding and financial analysis stage, the widow mentioned to the agent that her husband dealt with these kind of transactions and is the one who is familiar with the business. With this in mind, would you consider the widow as a Vulnerable Customer?

• TRUE

• FALSE

Your client just graduated from college and recently won the lotto with total prize money of over Php20M. He admitted that this is his first time to make a financial investment. Is he a Vulnerable Client?

• TRUE

• FALSE

Which of the following scenarios is an acceptable conduct in dealing with Vulnerable client?

• An agent securing an application to a widower immediately after delivering the insurance proceed from the husband’s policy.

• Advising a prospect with low educational attainment to choose equity fund for his insurance policy without explaining the risk.

• An agent soliciting from a group of low income farmers without being attentive to their needs.

• None of the Above

Mr. Dennis Villegas plans to make a withdrawal to his PIA policy. This will be used for his son’s tuition fee. He called his agent to inquire about the withdrawal charges. Which of the following statement is true?

• The first 5 years of the policy has a withdrawal charge of 5%

• There is a declining withdrawal charge for the first 5 years starting from the 1st yr-5%, 2nd yr-4%, 3rd yr-3%, 4th yr-2% and 5th yr- 1%.

• There is an increasing withdrawal charge for the first 5 years starting from the 1st year, 1% until the 5th yr 5%.

• Withdrawal charges is not applicable to PIA and Prumillionaire