Adding Insurance to an Existing Insured Mortgage

When adding additional protection to an existing mortgage with existing coverage, we put only the new coverage on the new application

• True`

• False

When adding additional Life coverage on a mortgage renewal, how many CARs are you awarded?

• 0.75x sales

• 1.0x sales

• 1.5x sales

• 3.14159265359x sales

When “Adding Insurance to an Existing Insured Mortgage” capturing existing Creditor Insurance details will ensure accuracy to the new combined estimated Creditor Insurance premiums. Where do we find the required information?

• Creditor Protection profile

• TLS

• Previous Creditor Protection application

• Customer Documents

When we have obtained the information, which tool is used to calculated  the new Creditor Insurance Premiums

• Protection Navigator

• Protection Planner Worksheet

• Mortgage calculator

• Mortgage Amortization Comparison & Protection Tool

When “Adding Insurance to an Existing Insured Mortgage”, what would you include on the new protection application: only the new products

• only the new products

• only the existing products

• all the new and existing products

What would happen if you added all new and existing products to the new protection application?

• Everything would be calculated correctly

• New premium may get calculated at the new age and new cost base

• Nothing would happen

• The system would self destruct