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WorksheetsOver 50's Life Insurance
Total questions: 8
Worksheet time: 7mins
What is Over 50's Life Insurance?
a type of life cover designed for people aged 50 and above who is in great health
a type of life cover designed for people aged 50 and above who cant afford whole of life cover
a type of life cover designed for people 50 and below
a type of life cover designed for people aged 50 and above that pays a lump sum when they die
How long is the term for National Friendly Over 50's Guaranteed Life Assurance Plan?
Up to 90 years old
Whole of Life
What is the entry age for National Friendly Over 50's Guaranteed Life Assurance Plan?
50 to 80 years old
between the ages of 50 to 80 years old if you are a non-smoker; or between the ages 50 to 75 years old if you are a smoker.
49 to 89 years old
Available for everyone
It is the amount of time after which the full sum assured will be paid for non-accidental death.
(a)
True or False. Both National Friendly and One Family Over 50's Life Insurance allow more than 1 Over 50's policy.
True as long as it combined premium and/ or sum assurred does not exceed the max limit
No. The policy is designed for clients to have 1 policy only
What is the Guaranteed Acceptance for National Friendly?
The client gets approved without medical questionnaire
The client can only have standard rates hence application is accepted without medical questions
Client can choose not to answer medical questions and be on standard premium or they can answer 2 medical questions for a shorter qualifying period and discounted premiun
None of the above
Under One Family over 50's life insurance, - if the client dies within the first two years due to non- accidental cause, their estate will receive (a) of the premiums paid
(b)
What are the 3 additional benefits that One Family Over 50's life Insurance have that are not available with National Friendly Guaranteed Life Assurance Plan?
Terminal Illness
Funeral benefit
Helpline
Counseling/ Bereavement support
