WorksheetsZurich and Vitality CIC
Total questions: 10
Worksheet time: 9mins
What are the instances when clients can end their plan policies earlier than the term expiry? Select all that apply.
Your client has not been paying the premiums
The client was able to claim the maximum benefit allowed under cover of their plan
The client canceled their plan
All of the above
Your client asked you the difference between the joint first death and the joint second death. Which of the following is your best explanation?
A joint first death plan covers 2 people but only pays one premium for it. It will only payout the benefit once the first elected in the policy has died. While a joint second death plan covers 2 people paying 2 premiums. It will pay out every death of the policy owners
Both are correct.
A joint first death plan covers 2 people. It will only pay the benefit if one of the insured dies. Once the benefit has been paid, we’ll cancel the life cover of the remaining person covered. While a joint second death plan means 2 people are covered and benefits will only be paid once both of the people covered have died.
Neither of the options is correct
You are discussing your recommendations to Maria about serious illness cover. She asks you what makes SIC from Vitality much better than what she saw online. Which of the following is your best response?
With the number of conditions covered and the severity of conditions, it covers, then the chances of your being higher compared to the limited number covered by other providers
SIC covers any type of condition, therefore, increasing her chances of a payout
With SIC-only plans, she can make a claim more than once therefore even if she consumes her full cover amount, she can still claim up to 3x her sum assured
All of the above
Your client Adam ask you why you are recommending a Serious Illness Cover Booster as an additional benefit. Which of the following is your best explanation?
It provides an additional 20% payout for every named child on the plan
It payouts of up to 200% for other long-term debilitating illnesses even until age 70
Serious Illness Cover Booster enables you to benefit from 100% payouts for all of the key conditions that would typically be covered in full by a critical illness plan
All of the above
Your client, Marie ask you how the 200% payout works on the SIC Booster. Which is your best response?
If you are diagnosed with a defined long-term debilitating disease, we’ll boost your payout up to 200% if at the time of claims you are between 16-24 years old
The child listed in your policy as dependents will receive up to 200% payout if diagnosed with any debilitating disease. They must be 16-24 years old at the time of claim
Both are correct
Neither of the options is correct
Which statements are true for Zurich's Fracture cover?
can be added to the Critical Illness policy any time without having to answer any questions about health
When you need to make a claim, it does not affect the critical illness cover
It pays whatever injury would cover higher payout
It is a standard inclusion on the Critical Illness cover
Your client, Lisa has Zurich Critical Illness Select and added the Enhanced Children's benefit. Her son, Matt was diagnosed with type 1 diabetes and he needs regular insulin injections. How much will Lisa be able to claim for her son's condition?
25% of the sum assurred
Maximum of £5,000
£5,000
up to £25,000
Your client, Jane asks you what is Benefit uplift under Zurich Critical Illness Select? Select all that apply.
It is a benefit available to clients diagnosed with any of the 10 life-changing critical illnesses before they turn 50 years old
it pays out the lower of £100,000 or the lump sum, on top of the lump sum
it pays out the lower of £100,000 divided by the number of remaining months left on the term of the policy or the sum assured, on top of the sum assured if they have selected Famil Income Cover
This also applies to Enhanced Children's benefit
If your client decides to add Total Permanent Disability on their Zurich's Critical illness cover, what will you tell them as the TPD definition?
Activities of Daily work
Mental impairment
Own
Both A and C
What type of extra benefit allows clients with Zurich critical illness to take a new policy ( once their cover ends ) without asking about their health?
Waiver of Premium
Conversion Benefit
Renewal option
None of the above
