Chapter 4 Flashcards
1
Q
Which cover generally ends around the insured’s planned retirement date?
A
Income Protection (IP)
2
Q
What Is the benefit of group schemes?
A
The employer pays the policies whilst the employee receives the benefit through their salary. Subject to CGT and IT.
3
Q
Which example is not covered by CIC?
Heart Attack
Broken Wrist
Kidney Failure
A
Broken Wrist
4
Q
Name an exclusion of PAS.
A
Defaults in childbirth
5
Q
What are the four features that PMI will fund?
A
Medical Practitioner
Treatments
Physio/ Therapy
Accommodation
6
Q
If the employers pay the premiums of PMI Group Cover, what are the employees subject to?
A
Income Tax and Capital Gains Tax
7
Q
What are the deferred periods of ASU?
A
30 Days
8
Q
Which example is an activity of daily living?
Dressing
Eating
Speaking
A
Dressing
