SUN SMARTER ELITE

What policy permits the policyholder to vary the level of premiums, the sum insured and has its cash

values dependent upon the investment performance and the level of premium paid?

• Participating Whole Life Policy

• Participating endowment

• Universal life

• None of the above

In theory, endowment insurance is a combination of

• Level term and whole life

• Level term and pure endowment

• Increasing term and whole life insurance

• Increasing term and decreasing whole life

Which rider could greatly increase the total life coverage of a permanent basic policy?

• An accidental death benefit rider

• A supplemental term rider

• An interim term rider

• None of the above

The savings element of permanent plans allow for the build-up of

• Dividends

• Cash value

• Maturity benefits

• Death benefits

Nicole wants to enhance her existing policy by purchasing a separate provision that provides coverage for a different nature. What would you recommend her?

• Deposit privilege

• Dividends

• Riders

• Assignment

Neal and his wife has a whole life and endowment policy respectively, that is why they are both assured that certain minimum policy benefits will remain with them even under certain changed conditions. Which non-forfeiture provision holds true with the given situation?

• Any guaranteed policy values will belong to the policy owner even if premium payments are

  discounted

• No death claim will be denied for any misstatement on the application

• The premium on the policy will remain the same even when another beneficiary is added to the

  policy

• The face amount of the policy will remain the same even if the insured’s health becomes impaired

Life Insurance coverage Sun Smarter Elite

• 200% of Face Amount

• 150% of Face Amount

• 125% of the Face Amount

• 200% of the Face amount plus the accumulated dividends

If premiums are being waived under a waiver of premium benefit and the insured dies, the proceeds will be the

• Reduced paid-up face amount

• Face amount less unpaid premiums

• Cash surrender value

• Face amount

Your client tells you that when his father died, he received Ps. 500,000 free of Estate Tax and that he had not even known that this policy existed. Which of the following classifications did your client fall under?

• Collateral assignee

• Absolute assignee

• Revocable primary beneficiary

• Irrevocable primary beneficiary

Allows the policy owner to “participate” in the insurance company's profits.

• Variable Life Insurance

• Participating Whole Life Insurance

• Term Insurance

• Health Insurance