Chapter 7- CI Flashcards
1
Q
When was guidance introduced to be,p consumers compare CI
A
1999
2
Q
What is the usual survival period on stand alone CI policies
A
14-30 days
3
Q
What is the usual deferred period on wop on CI
A
26 weeks
4
Q
I. What circumstances is policy splitting sometimes offered
A
Divorce on joint life policies
5
Q
What is total permenant disability benefit
A
Catch all of condition where, although not specified, quality of life is so poor
6
Q
What are the key factors for underwriting CI
A
Age, medical history, family medical history, lifestyle factors
7
Q
What tax is CI benefit subject to
A
Non except potentially IHT of die before spending money orIT if group policy paid by employer
8
Q
What are the main considerations when recommending CI policy
A
TPD options Other options Survival definition Stand alone/combined/joint life etc Guaranteed or rviewabke premiums
