Mock Learning Flashcards
Funeral plans are designed to be taken out by individuals who have attained what minimum age?
50
How much is the maximum monthly and annual amount that can be paid into a friendly society policy?
Monthly: £25
Annual: £270
Under an income protection insurance policy, what definition of occupation typically results in the highest premiums payable?
Own occupation
A terminal illness benefit under a life assurance policy usually becomes payable where an individual has a maximum life expectancy of
One year
Which type of trust is most commonly used in connection with life and critical illness policies?
Split trust
In what circumstances, if any, is cover provided for a self-inflicted injury under a critical illness policy?
Under no circumstances
What is the typical survival period under a critical illness policy?
14-30 days
What is the typical deferral period under a accident, sickness and unemployment insurance policy?
30-60 days
In what circumstances will a mortgage payment protection insurance policy pay out?
Accident, sickness or personal redundancy
What is the minimum initial payment that can be made into a National Savings & Investments Direct Saver Account?
£1
Gilts with up to seven years remaining to redemption are known as
Shorts
What normally happens to convertible loan stock if the conversion option is NOT exercised by the expiry date?
It becomes a conventional dated loan stock
Which type of shares do companies typically issue as part of a return of capital to its shareholders?
Redeemable shares
The United Kingdom Listing Authority is part of
The FCA
The lifetime allowance is set to increase annually in line with
CPI
