WorksheetsPRUknowledge
Total questions: 20
Worksheet time: 7mins
it is a whole-life variable life insurance product which offers the most comprehensive protection benefits.
(a)
type of fund that seeks to optimize medium to long term capital growth through investments in shares of stocks listed in the Philippines.
Managed Fund
Proactive Fund
Growth Fund
Equity Fund
type of fund that seeks to achieve an optimal level of income in the medium-term together with long term capital growth through investments in fixed income securities and money market instruments.
Bond Fund
Growth Fund
Peso Global Market Navigator Fund
Managed Fund
it is a one-off payment which may be done anytime with the goal of increasing the fund value.
(a)
it is a fraction or the whole fund value of a fund that you may transfer to another fund.
(a)
it is a fractional amount that you may take out from the fund value to meet your urgent cash requirements
Partial Withdrawal
Full Withdrawal
this refers to the worth of the Policy in peso or dollar based on the number of units multiplied by the unit price per chosen fund and its aggregate
(a)
this is given when you outlive your policy (at age 100).
(a)
refers to the probability of losses relative to the expected return on any particular investment
Credit Risk
Investment Risk
Interest Rate Risk
Liquidity Risk
refers to the possibility that the value of an investment in debt instrument may rise or fall due to changes in interest rates.
Currency Risk
Credit Risk
Interest Rate Risk
Market to Market Risk
is a variable life insurance product which combines life insurance with a greater potential for wealth accumulation with short term payment option
(a)
is a measure of the quality of business that was sold by an agent.
QPB
Persistency Rate
Production Report
How much is the minimum NAP every quarter?
250,000.00
100,000.00
150,000.00
it is an application that allows the licensed agent to generate proposals that suitability addressed the need identified from each individual client.
(a)
this is used to cover administrative expenses.
Rider Charge
Insurance Charge
Policy Fee
Extra Charge
type of bonus which computed as a percentage of first year commission
Production Bonus
Persistency Bonus
type of bonus which computed at the end of the calendar quarter based on the persistency.
Quarterly Performance Bonus
Production Bonus
Persistency Bonus
period that immediately prior to the date of persistency computation
12 month period
10 month period
6 month period
This is a formal request to an insurance company asking for a payment based on the terms of the insurance policy.
(a)
Immediate family members or somebody who has insurable interest with the policy life insured.
(a)
