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QUIZ BEAT

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

PAA issue age is 0 to 70 years old

a)

TRUE

b)

FALSE

2.

PAA PLUS commission is 45% regardless of the APE

a)

TRUE

b)

FALSE

3.

Withdrawal charge for PAA on the first year is 5%

a)

TRUE

b)

FALSE

4.

What year does PAA premium allocation or investment starts at 100%?

a)

1ST YEAR

b)

3RD YEAR

c)

4TH YEAR

d)

5TH YEAR

5.

ELITE core benefits are: SA, TPD, ADD & Loyalty Bonus

a)

TRUE

b)

FALSE

6.

What is the minimum premium for Elite 10?

a)

105K

b)

110K

c)

115K

d)

120K

7.

Fund allocation on the 1st year of ELITE 15

a)

30%

b)

35%

c)

40%

d)

45%

8.

1st year commission of ELITE15

a)

15%

b)

17.5%

c)

23%

d)

28%

9.

What is the premium holiday charge for Elite 15 on the first year?

a)

40%

b)

45%

c)

50%

d)

60%

10.

ELITE DOES NOT HAVE WITHDRAWAL CHARGES

a)

TRUE

b)

FALSE

11.

LIFE CARE PLUS , LIFE CARE ADVANCE PLUS and LIFE CARE BENEFIT are all Accelerated Critical Illness.

a)

TRUE

b)

FALSE

12.

The following are ACCEPTABLE to Pru Life UK as beneficiaries EXCEPT

a)

HUSBAND

b)

BUSINESS PARTNERS

c)

SIBLINGS

d)

COUSINS

13.

An agent with General Privilege may use his NMA to write an application for a P3M policy on the life of a 36 year old client with an existing P500,000 policy purchased 6 months ago from a competitor

a)

TRUE

b)

FALSE

14.

If the SA is higher than your NMA Limit, the client application will be rejected.

a)

TRUE

b)

FALSE

15.

Minors can be insured even if payor is other than the parents, provided that the guardian need to sign in the proposal and app form

a)

TRUE

b)

FALSE

16.

PHILHEALTH card is a valid and acceptable ID

a)

TRUE

b)

FALSE

17.

Agents Confidential Information is required to every 3M aggregate Sum Assured

a)

TRUE

b)

FALSE

18.

Only three REVOCABLE beneficiaries may be designated

a)

TRUE

b)

FALSE

19.

Manual Editable New Business submission should be sent to phinewbusiness@prulifeuk.com.ph with the Standard Email subject: Policy Life Insured Name_APE Amount

a)

TRUE

b)

FALSE

20.

All are ELIGIBLE Third Party Payor Except:

a)

AUNT

b)

SIBLING

c)

GRANDPARENT