
Variable License Review Module 6 and 7
Authored by Bright Advisors
Professional Development
Professional Development
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A Single Premium Variable Whole Life Plan is
A variable whole life insurance plan where premiums are used to purchase units in a variable or unitized fund
A variable whole life insurance plan where the amount of insurance protection is 500% of the single premium paid
A plan that has no life coverage
None of the above
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A Single Premium Variable Whole Life Plan is
A variable plan where the amount of insurance protection is 125% of the single premium paid
Policy that advances the whole sum insured in the event of diagnosis of heart attack, stroke, coronary artery bypass, end-stage renal failure or total permanent disablement
Policy that provides health coverage such as disability income
None of the above
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Variable crisis insurance covers
Health insurance
Health insurance and disability income
Critical illness such as stroke, heart attack
Critical illness, health insurance and disability income
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A type of fund that is invested in instruments that are low risk and relatively safe
Equity fund
Property fund
Cash fund
Managed and balanced fund
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Bond fund invests in ________________ and in other forms of fixed-income instruments
Real estate and government bonds
Stocks and shares
Government and corporate bonds
Fixed-income instruments and stocks
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Property fund has a provision, which allows the fund manager to defer redemption of units typically up to ___________
6 months
10 months
3 months
12 months
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
During a market crash, __________ is usually the first to immediately depreciate in high amounts.
Cash
Equity assets
Real estate
Corporate bonds
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