Sun Grepa Legacy Learning Check

Who are the primary and secondary target market of Sun Grepa Legacy?

Choose all that apply

• High Net Worth (HNW) Clients

• Affluent Clients

• Professionals

• OFWs

Answer explanation

The primary target market are the HNWs and Affluent Clients while the secondary target market are the Professionals.

What are the key benefits of Sun Grepa Legacy?

Choose all that apply

• Lifetime Cash Benefits (Anticipated Endowments)

• Non-Guaranteed Dividends

• Special Paid-Up Bonus

• Guaranteed Cash Value

The allowed payment mode/s for Sun Grepa Legacy is/are:

(Choose all that apply)

• Monthly

• Quarterly

• Semi-Annual

• Annual

Sun Grepa Legacy is payable in how many years?

Choose all that apply

• One-Time

• 2 years

• 3 years

• 5 years

True or False: Sun Grepa Legacy has a cooling-off period

• TRUE

• FALSE

Answer explanation

Sun Grepa Legacy is a traditional life insurance policy which does not have a cooling-off period

How much is the life insurance coverage of Sun Grepa Legacy?

• 125% of the total paid premiums

• 125% of the Face Amount

• 200% of the Face Amount

• 200% of the Annual Premium

Answer explanation

The death benefit is computed based on the paid premiums of Sun Grepa Legacy.

Example: For a 5-Pay Sun Grepa Legacy with an annual premium of PHP 1,000,000:

1st Year DB: PHP 1,000,000

2nd Year DB: PHP 2,000,000

3rd Year DB: PHP 3,000,000

4th Year DB: PHP 4,000,000

5th Year onwards: PHP 5,000,000

When does the annual cash benefit (anticipated endowment) of

Sun Grepa Legacy start?

• On the second policy anniversary

• On the 6th policy anniversary

• On the 5th policy anniversary

• On the next policy anniversary after full payment

Sun Grepa Legacy is underwritten using:

• Guaranteed Insurability Offer (GIO)

• Simplified Issue Offer (SIO)

• Regular Underwriting

How much is the annual cash benefit (anticipated endowment) for a

Sun Grepa Legacy with a total premium of PHP 10,000,000?

• 50,000

• 100,000

• 215,000

• 225,000

How much is the WFYP credit for Sun Grepa Legacy?

• 10% for SP, 10% for the first-year premium of 2-pay and 5-pay

• 10% for all the premium-paying years

• 10% for SP, 100% for the first-year premium of 2-pay and 5-pay