WorksheetsTeam Leah April Game Night
Total questions: 10
Worksheet time: 5mins
You are positioning a PAA 60K plan to your prospect Samantha Lim, a 30 year old businesswoman. She was a little uncomfortable about paying for a long period so you thought of highlighting the loyalty benefit.
What conditions need to be met in the 1st 10 years so she can enjoy the 10% loyalty bonus?
No delay in premium payments.
No withdrawals done from the fund value.
No decrease in benefits.
All of the above.
Juan Dela Cruz is a 25 year old BPO employee who recently got a PAA plan with Sum Assured = 2M from you. You referred to PAA as a "regular pay" product and he asks you what it means. Your reply is:
Insured is covered for a limited time and the payor pays for a limited time only.
Insured is covered for a limited time only and the payor pays once.
Insured is covered until age 100 and the payor pays for a limited time only.
Insured is covered until age 100 and the payor pays premium until age 100.
Your client Christopher Jose got an Elite15 plan with Payor Waiver Rider for his newborn child. Since insured is a child, you explained the Children's Lien to set his expectations about the Sum Assured amount.
If the insured passes away at age 3, what % of sum assured that will be paid by Pru Life UK?
Beneficiaries will receive 40% of the sum assured.
Beneficiaries will receive 60% of the sum assured.
Beneficiaries will receive 80% of the sum assured.
Beneficiaries will receive 100% of the sum assured.
Premium holiday happens during non-payment of premiums within the grace period of 30 days from due date. In such a case, a premium holiday charge shall be deducted from the client's fund value.
Which product is subject to a premium holiday charge upon non-payment of premiums?
PAA
Elite Series
Pru Millionaire
PEP
You learned of an existing client who becomes disabled while he is employed. You immediately reviewed his existing plan and confirmed his Total and Permanent Disability (TPD) and Waiver of Premium Due to Total And Permanent Disability (WPTPD) benefits.
Before processing the claim, how will you know if he is totally and permanently disabled?
He is unable to engage in any occupation for 6 consecutive months.
He is unable to engage in any occupation for 3 consecutive months.
He is unable to engage in any occupation the following day.
None of the above.
Eva Paz got an Elite 15 plan with Sum Assured = 2M, Life Care Benefit = 1M and WPTPD.
What happens to the policy if she claims for Life Care Benefit?
The remaining Sum Assured will become 1M.
The client needs to purchase a new policy.
The Sum Assured will be unaffected.
The policy will be terminated.
One key feature of Pru Millionaire is its Guaranteed Insurability Offer (GIO).
What does GIO mean?
Policy can be issued as long as the premium is expensive.
Policy can be issued without going through medical exam.
Policy can be issued within the day.
Policy is only valid for a limited time.
Which of the following people are required to submit FATCA forms when processing a new plan?
Individuals with US Indicia
All foreigners
All OFWs
When Sum Assured is at least 3M.
Maria Luna got a a PAA plan with Sum Assured = 4M with Life Care Benefit = 2M. Two weeks after her policy was approved, Maria was diagnosed with a critical illness.
How much can Maria claim from her plan?
2M
6M
4M
0
Your friend John Castillo got a Pru Millionaire at age 40 with a single premium of Php 1,000,000.
How much minimum death benefit will his beneficiaries will receive?
Php 2,000,000
Php 1,750,000
Php 1,500,000
Php 1,250,000
