Insurance Flashcards
Questions
True or False
Does trauma cover provide a lump sum if you suffer from a condition named in the policy?
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Can trauma cover be applied for between ages 16 and 64 (69 if taken as an accelerated benefit)?
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Does the policy end at age 70, unless taken as an accelerated benefit?
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Can premiums be paid fortnightly, monthly, quarterly, half-yearly, or yearly?
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Can you choose to have the amount you’re insured for increase each year to protect against inflation?
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Are some conditions not covered for the first three months after taking out the cover?
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Are there two types of payments: age-rated payments and level term payments?
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Do age-rated payments increase in line with age?
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Can trauma cover be taken as a standalone benefit or added as an accelerated benefit to a Life cover policy?
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Does trauma cover provide a relocation payment if you’ve been overseas for over 3 months and suffer from a condition named in the policy?
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Does trauma cover pay out a lump sum for conditions like heart attack, cancer, stroke, and angioplasty?
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Does trauma cover offer a child’s benefit for most of the same conditions covered for adults?
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Can you take a payment break and suspend your cover under certain circumstances?
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Does Fidelity Life offer a built-in Special Events Increase Benefit?
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Can you add optional benefits like Total Permanent Disability cover to your policy?
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Does trauma cover provide a monthly benefit if you’re diagnosed with a specified critical illness?
Can you add optional Children’s and Pregnancy cover to your policy?
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Can you adjust your trauma cover as your needs change over time?
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Are there any built-in protection features for financial hardship?
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Can you add trauma cover to a Fidelity Life Income Protection policy?
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Is it recommended to chat with an adviser about the right insurance for you?
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Does the policy offer optional benefits like Premium Cover?
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Are the following conditions covered under Trauma Cover: Alzheimer’s Disease/Dementia, Cancer, Chronic kidney failure, Heart attack, Major organ transplant, Motor neurone disease, Multiple sclerosis, Parkinson’s disease, Stroke, Total blindness, Total deafness?
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