TRUE OR FALSE
TOP UPS are not scheduled and not required
TRUE
PAA plus is payable until what age?
Age 100
What Insurance license do you need to Sell InsuraVest Products
Variable License
YES OR NO
If the insured/policyholder fails to pay the premium on the 5th year of the policy, will he still get the loyalty bonus?
NO
Until when is the coverage period for elite?
Age 100
how much is the fund allocation for PAA plus on the first year?
0% on the first year
(TRUE OR FALSE) The loyalty bonus in Paa plus gives 15% of the regular premium in Philippine Peso starting on the eleven (11) through year twenty (20) if regular premiums are paid for the first ten (10) years, and are continuously paid thereafter as they fall due.
FALSE
What are the 4 Variants of Elite Series?
5,7,10 & 15 Pay variants
TRUE OR FALSE
The Accelerated Total and Permanent Disability (ATPD) is a core benefit which does not affect the SA when claimed.
FALSE
The MINIMUM Annual premium for an Elite 15 policy is…
PhP75,000
How much is the minimum top-up premium in peso denominated PRUlink Assurance Account Plus?
Php 20,000
Which ELITE variant has loyalty bonus?
ELITE 15
YES OR NO
CAN THE POLICY OWNER BE THE SAME PERSON AS THE BENEFICIARY IN A POLICY?
YES
The Following are Core Benefits of PAA and ELITE except?
In Elite 15, 100% full allocation of fund starts on the…
a. 6th year of the policy and onwards
b. 5th year of the policy and onwards
c. 7th year of the policy and onwards
d. 4th year of the policy and onwards
b. 5th year of the policy and onwards
How much is the commision rate for PAA Plus if the Premium is above PhP25,000?
45%
Which between PAA Plus and Elite Series has Premium Holiday Charge
Elite Series
There are how many core benefits for PAA and Elite Series?
4
COMPLETE THE FORMULA
SA + FV + 125% (Top-Up) – 125% withdrawals (Top-up) – less ___________
policy debts
True or False: Child’s Lien is not applicable for Elite Products.
False
How much is the minimum premium for ELITE 10
PhP110,000
TRUE OR FALSE
In ELITE, insurance charges are continuously deducted even after the premium paying period
TRUE
Among PAA Plus and Elite Series is a Regular Pay Product?
PAA Plus
COMPLETE THE SENTENCE
The client may revive the Loyalty Bonus benefit if the top-up amount is ________ than the cumulative partial withdrawal.
"equal to or greater"
Year 1 Fund allocation for Elite 5 is…
70%