Sun Grepa Wealth Prime

Natalie availed of a Sun Grepa Wealth Prime 7 policy under GIO and paid PHP 1,000,000 in single premium. After 6 months, she died due to a heart attack. How much is the death benefit that will be given to Natalie's beneficiaries?

• 2,000,000

• 1,100,000

• 1,000,000

• 1,040,000

Answer explanation

For Sun Grepa Wealth Series policies issued under GIO, the death benefit during the first year is limited to the return of the single premium, except if the death is due to accident. For accidental deaths, DB will be 110% of the single premium.

James bought a Sun Grepa Wealth Prime 7 policy and paid PHP 500,000 single premium. After 3 years, James died because of a vehicular accident.

How much is the total benefits received by James and his family from his

Sun Grepa Wealth Prime 7 policy?

• 550,000

• 500,000

• 60,000

• 610,000

Answer explanation

Total payouts for 3 years = 60,000

Death Benefit = 550,000

Total Benefits Received = 610,000

Can a client apply for a Sun Grepa Wealth Prime 7 policy under Regular Underwriting?

• YES

• NO

Daniel bought a Sun Grepa Wealth Prime 7 policy via Regular Underwriting and paid PHP 1,000,000. After 6 months, he died due to aneurysm. How much is the death benefit that will be given to Daniel's beneficiaries?

• 1,100,000

• 1,160,000

• 1,000,000

• None of the above

Answer explanation

For policies issued under Regular Underwriting, the death benefit will be 110% of the single premium starting on Day 1.

A client can make partial withdrawals from his or her

Sun Grepa Wealth Prime policy.

• YES

• NO

What are the key benefits of Sun Grepa Wealth Prime? Check all that apply.

• Capital Protection

• Upside Potential

• Guaranteed Annual Payouts

• Life Insurance Protection

Answer explanation

Sun Grepa Wealth Prime is a traditional endowment product and all benefits are guaraneed.

After the insured's death, the remaining annual payouts will be given to the beneficiaries.

• TRUE

• FALSE

Answer explanation

Upon the death of the insured, the policy and the coverage already terminates. Remaining payouts are forfeited.

Sun Grepa Wealth Prime provide dividends.

• TRUE

• FALSE

Answer explanation

Sun Grepa Wealth Prime is a non-participating product and therefore does not earn dividends.

What is the surrender benefit of Sun Grepa Wealth Prime?

• Return of Single Premium

• Fund Value

• Guaranteed Cash Value

• 110% of the Single Premium

TRUE or FALSE: Sun Grepa Wealth Prime has a cooling off period

• TRUE

• FALSE

Answer explanation

Sun Grepa Wealth Prime has no cooling off period.