
Guaranteed Pension Plan
Authored by R Kumar
English
Professional Development
CCSS covered
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the sources of funding post retirement income for a prospect
Goverment
Employer
Individual
All the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Guaranteed pension enables the customer to take advantages of
Surrender even during the first policy year
Bonus as the policy is related to par
Non guaranteed high returns
Tax benefit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Minimum and maximum age criteria for Guaranteed Pension Plan
35/65
35/66
35/67
35/68
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Vesting benefit can be used:
Option A: Commute 60% of vesting benefit and buy an annuity
Option B: Buy an annuity using the full vesting benefit
Only Option A
Only Option B
Both A & B
None of the options
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the guranteed additions of GPP policy?
2%
3%
4%
5%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In GPP, The minimum level of death benefit at all times will be ____of the
premiums paid
105%
106%
107%
110%
Tags
CCSS.HSF.LE.B.5
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GSV (Guaranteed surrender value) will be acquired on payment of first ____year premiums in GPP
1
2
3
4
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