FIN533 POP QUIZ

The followings are the type of life insurance EXCEPT:

• Medical and health insurance

• Whole life insurance

• Motor insurance

• Education insurance

Buying insurance is part of risk management tool and fall under:

• Risk avoidance

• Risk transfer

• Risk sharing

• Risk reduction

This type of insurance provides a protection and saving plan for the policy holders. The coverage of this product includes insured against death, permanent total disability and critical illness. It refers to:

• Endowment insurance

• Whole life insurance

• Investment linked insurance

• Travel insurance

Which of the following are NOT the functions of insurance?

• To provide protection for family

• To assist in economic survival

• To cover the cost of loss.

• To gain an income

The main purpose of life insurance is to:

• make up for loss of earnings if an insured person is unable to ever work again

• pay for urgent medical expenses to save the life of an insured person if that is needed

• meet an insured person’s debts and other financial commitments in the event of death

• provide a lump sum if an insured person is diagnosed with a life-threatening illness

The best time to apply for life insurance is:

• today, because you don’t know what might happen to you tomorrow

• tomorrow, because you shouldn’t do now what you can put off until then

• as soon as you have any dependants, whenever in the future that might be

• as soon as you develop a serious medical condition, so you can be covered for it

If an insured person dies, the person entitled to receive the life insurance benefit is:

• the policy owner, but only if the policy owner is related to the life insured

• the next of kin of the insured person

• the executor of the insured person’s will, regardless of who the policy owner is

• the policy owner, regardless of who that person is

Choose the correct types of common share.

• Fixed deposit

• Savings

• Bonds

• Growth share

Which one is the features of common share?

• Limited liability

• Flexible par value

• Less volatile

• Influence by population

Choose the correct basic investment concepts that individual should know:

• Real Estate Cycle

• Risk and Return

• Close-End Fund

• Voting Right’s