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TM Atlas

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The currencies available for TM Atlas Classic are

a)

SGD, USD, GBP, AUD

b)

SGD, USD, EUR, GBP

c)

SGD, USD, EUR, JPY

d)

SGD only

2.

The Initial Bonus is allocated upon receiving premiums during the

a)

first 5 policy years

b)

first policy year only

c)

whole premium payment term

d)

whole policy term

3.

The Policy Charge is based on units in the


IUA: Initial Unit Account

AUA: Accumulation Unit Account

a)

IUA and AUA

b)

IUA only

c)

AUA only

d)

NA, Policy Charge is $5

4.

The Policy Charge is payable during the

a)

whole policy term

b)

premium payment term only

c)

first policy year only

d)

first 5 policy years only

5.

The premium allocation rate for the first 3 years are

a)

100% ; 100% ; 100%

b)

30% ; 50% ; 70%

c)

45% ; 55% ; 65%

d)

20% ; 55% ; 80%

6.

Given Net Premuim is $120,000 and Policy Value is $110,000.

What is the death benefit payable if there is Advanced Death Benefit option?

a)

$120,000

b)

$110,000

c)

$230,000

d)

$111,100

7.

Life assured(s) allowed is up to

a)

4

b)

3

c)

2

d)

1

8.

Subject to the terms and conditions, Loyalty Bonus is payable from the

a)

6th policy anniversary

b)

5th policy anniversary

c)

3rd policy anniversary

d)

1st policy anniversary

9.

The Bid Offer spread is

a)

Nil, there is no bid offer spread

b)

3%

c)

1%

d)

5%

10.

Surrender charge (if levied) will be applied to


IUA: Initial Unit Account

AUA: Accumulation Unit Account

a)

IUA only

b)

AUA only

c)

IUA and AUA

d)

NA, there is no surrender charge