Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Vitality Life > Life Cover > Flashcards

Life Cover Flashcards

To cover all of Term Life and WOL insurance

1
Q

What are the minimum and maximum terms for FTC?

A

Min- 5
Max- 70

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is the expiry age for FTC?

A

90

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the maximum entry age for FTC?

A

74

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is the maximum benefit for Life cover?

A

£18 million, or £7.2 million on an indexed plan

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is the minimum benefit?

A

£10,000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Can a WOL policy be DTA?

A

No

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is Premium Step and on which plans is it available?

A

Only on WOL policies, 40% discount up front and a 2.5% increase annually

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Can Premium Step be paired with Optimiser?

A

Yes, but not with indexation as well

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Do you have to have specific qualifications to advise Lifestyle Care Cover?

A

No, because it is not a long-term care product, it just complements it

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is the cap amount for LCC?

A

£250,000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

How many times will you be offered indexation at renewal before being put on a Level plan?

A

Three

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is the default decreasing rate on a Personal Protection Plan?

A

8% is default. An amount between 5-15% can be selected.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

How many times can you adjust cover without underwriting with GIOs?

A

Three

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is the maximum increase to premiums with GIOs?

A

£150,000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is Mortgage Free cover?

A

Cover in the interim of a mortgage going through, for a maximum of £300k, for up to 3 months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What are the two levels for Lifestyle Care Cover payouts?

A

Level 1- 20%
Level 2- 100%

17
Q

What constitutes a Level One pay out for LCC?

A

Dementia, Alzheimers or Parkinsons diagnosis

18
Q

What constitutes a Level Two pay out for LCC?

A

3/6 daily actions can’t be completed, confused state, severe stroke

19
Q

What 3 ‘M’s provide reason to change your benefit under GIOs?

A

Marriage, motherhood and mortgage

20
Q

What is Immediate Cover?

A

Being covered for Life or Life with SIC for up to £500k straight away if you’re under 50 and have no hazardous pursuits or occupations

21
Q

What is the additional payment per month for Vitality Plus?

A

£4.75

22
Q

Which type of plan is LCC included on?

A

WOL only

Vitality Life (4 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions