Topic 6

Question 1

What are the types of life insurance

Answer 1

term life 
whole life insurance
endowment insurance
investment-linked 
annuities

Question 2

What are the different types of charges in investment-link insurance?

Answer 2

mortality charge
policy fee
front-end loading charge
management fee
exit fee

Question 3

What are the types of annuities?

Answer 3

single life immediate annuity
term certain annuity
guaranteed annuity
reversionary annuity
joint life survivorship annuity
joint life annuity

Question 4

What are the types of bonuses

Answer 4

cash bonus
premium bonus
reversionary bonus
terminal or maturity bonus

Question 5

What are the non-forfeiture options

Answer 5

cash option
reduced paid-up insurance option
extended term option

Question 6

What are the ways of determining how much insurance to buy?

Answer 6

income approach
needs approach
assets retention approach

Question 7

What are the health care under CPF

Answer 7

medisave
medishield
eldershield
medifund

Question 8

What are the basic health insurance policies?

Answer 8

hospital and surgical benefits
critical illness insurance
disability income insurance

Question 9

What are the definitions of diabilities

Answer 9

presumptive 
own occupation
any occupation
modified occupation
split definition