POLI
I expire 10 years before the plan itself, but if you die before this expiration time you will get me.
What is:
Supplemental Term rider
What are the meanings of the following descriptions:
salary deduction payment
premium suspense update
basic premium update
Explain the difference between the following terminologies:
Level Death Benefit and Increasing Death Benefit
Inc: Sum Insured, Interest Fund, TFV
Level: greater of sum insured and interest fund, plus TFV
Under which heading do you find the most recently received documents for Life Insurance policies?
Locator
What is the minimum a client can withdraw from a solid investor?
$5000
On policy 100181745, which branch is does the agent belong?
What is:
New Kingston branch
All encashments attract a fee, How much did Sagicor Life charge for processing the most recent request on
003003938
$306.12
What is the name of the online platform clients can purchase coupon & investment policies on?
E-Life
For policy # 100182581, what date was the annual statement generated for the client?
11/27/2022
Using the Coupon Rate calculator, provide the estimated monthly premium amount for a 30-year-old female who would like to purchase a Purple Shield plan with a $2M coverage.
$2,368.33 (5)
Using the appropriate screen on CAPSIL, what would be the client’s exact new premium if he decides to change his mode frequency from monthly to annually on the system? Pol # 002887196.
$59,894.46
If the following client called for his disbursement amount available on Jun-27-2023, what would be the amount you quote to them? Pol #: 002887196.
$5,500.00/$5,000.00
Effective February 1, 2023, the interest rate for the JMD Guaranteed Investor has been increased to?
4.75% (5)
Why was this policy # 002872459 disbursement was delayed for processing. Submitted Oct-17-2023
Invalid banking info.
Which two plans does a client have the option of converting their Child Protector plan to once the insured attains age 21 (the plan expires) and no claim has been?
Total Woman (2.5) & Ultra Lifeline (2.5)
Provide the names of the Segregated Funds that Alecia Green invests in on her Sagi-gold policy (003006504) as well as the respective percentage allocations.
BALANCED FUND (SERIES B) = 30% (1.67)
EQUITY FUND (SERIES B) = 60% (1.67)
FOREIGN CURRENCY INDEXED FUND = 10% (1.67)
Fabian Miller visited the branch on June 12, 2023, to request a disbursement from 002975343 for $30,000. He called to check on the request and stated that he did not see the funds in his bank account. Provide the client with an update.
Funds were not sent via EFT (2.5); a cheque was prepared (2.5)
Policy A is currently in status 4. What will happen if the client tries to pay excess premiums?
Policy will be put ahead
Funds will be put into holding (5)
Based on the Periodic Review generated for policy 002046302, which of the following statements are false?
Ms. Williams has the option to reduce her sum insured to $1,618,169 and keep paying her current premium of $4,111.73
Options 3 and 4 allow her to keep her current death benefit option. (5)
Name 4 Universal Life policies currently issued or managed by Sagicor Life.
Ultra Life, Ultralife Line, Total Woman, Child Protector
What is the interest fund accumulated on this policy?
002598361
$119,292.44
Advise the date and reason for the last dishonored PAP on policy # 002746568. In other words, for when & why was the PAP unsuccessful?
28JAN2020, insufficient funds
What was the total deducted from GEORGIA ROOKWOOD's salary at JAMAICA NATIONAL TRUST [GP0870] in November 2020 ?
$10,754.99
Sojae Pottinger visited the branch on March 27, 2023, to submit a surrender request for her policy 002870501. To date, she has not received the proceeds from the request, and she has been checking her BNS bank account (Account No. 000414254) consistently since submitting the request. Provide an update for the client, be THOROUGH in your response.
The surrender request was processed, and the funds were sent however, the EFT was rejected May 26, 2023. (2) Reason: NO ACCOUNT OR UNABLE TO LOCATE ACCOUNT. (1)
Advise client to submit proof of banking for reprocessing of EFT (2)
Paul purchased his Maximum Protector plan on January 28, 2022; however, due to non-payment of premiums, his policy lapsed on August 28, 2022. On July 15, 2023, he reinstated his policy but sadly, Paul was diagnosed with Cancer on September 5, 2023; if he should submit a claim for his Cancer diagnosis, what benefit payout would the client be eligible for?
Refund of premiums – waiting period recommenced (5)