VUL Mock Exam 1

12/7/2020 VUL Mock Exam 1 - June 6, 2011 Version 1 | Life Insurance | Insurance
Search 
· 20K views · 11 pages

 78% (27) RELATED TITLES
VUL Mock Exam 1 -

June 6, 2011 Version 1 
Uploaded by Anonymous iOYkz0w on Nov 29,
2014
Mock Exams for Insurance Full description ANSWER INSURANCE - RHYS MURILLO
KEY_IC_MOCK… Finals Reviewer Insurance…
     
Save 78% 22% Embed Share Print
Download  Search document 
 Get this download for free with an upload. Learn more below.
1. People generally invest their money to provide:
I. an improvement in their financial position

II. a less comfortable standard of living
III. retirement income
IV. funds for paying necessary expenses and taxes when the person dies
A. I,II & III

B. I, III & IV
C. I, II, & IV
D. II, III & IV

2. Which of the following funds comprises a higher proportion of equity and a lo
income instruments?
A. Bond Funds
B. Cash Funds
C. Managed Funds
D. Mixed Funds
3 Whi h f th f ll i th
https://www.scribd.com/doc/248599927/VUL-Mock-Exam-1-June-6-2011-Version-1 i h t i ti f V i bl Lif i li
1/10
3. Which of the following are the main characteristics of Variable Life insurance polic

Rate
Share
I. The policies can be used for investments, as a source of regular savings and pr
II. The withdrawal and protection benefit are determined by the investme
 Useful (78%)
Not usefulIII.
 Facebook
underlying assets

The net withdrawal values of the policies are the gross withdrawal values sh
Related titles (22%) Twitter LinkedIn

includes cash dividends up to the date of surrender, less all indebtedness, inc

Copy Link
A. I only 
Email
B. II only
C. I & II only
D. 
I, II & III
4. Which of the following statements are FALSE?
ANSWER INSURANCE - RHYS MURILLO - Life Insurance 320247730- ANSWER
KEY_IC_MOCK… I. Finals
The Reviewer Insurance…
policyholders may request Basics eBookwithdrawal
a partial Traditional-Moc… KEY_IC_MOC
of the policy and the
cashing the units at the offer price.
II. The structure of charges and the investment content of a Variable life policy a
document and the policy statement.
III. Some Variable Life policies grant loans to policyholders which is limited to
value.
IV. Commissions and office expenses are met by a variety of implicit charges, som
A. I & II only

B. I & III only
C. II & III only
D. All of the above
June 6, 2011 Version 1
5. Which of the following statements about the feature of Regular Premium Variable
I. Top-ups are usually allowed.

II. The level of cover can be varied.
III. Premium holidays are usually allowed.
A. I & II only

B. I & III only
https://www.scribd.com/doc/248599927/VUL-Mock-Exam-1-June-6-2011-Version-1 2/10
C. II & III only 

D. I, II & III
6. Which one of the following statements is NOT TRUE about the benefits of in
insurance policy?
Related titles

A. The fund provides a highly diversified portfolio, thus, lowering the risk of inve
B. The fund relieves the investor from the hassle of administering his/her invest
C. The fund ensures definite high yield for an investor since it is managed by pr
versed in the management of risk of investment portfolio.
D. The fund enables small investors to participate in a pool of diversified
 por
You're
unlikely to have access to with low Reading
investment a Preview
capital.
7. Which of the following statementsUpload your the

describes documents to download.
difference between Variable Lif
ANSWER INSURANCE
Traditional - RHYS products?
participating MURILLO - Life Insurance 320247730- ANSWER
KEY_IC_MOCK… Finals Reviewer Insurance… Basics eBook Traditional-Moc… KEY_IC_MOC
Upload to Download
I. Variable life insurance products allow policyholders to change the premium
participating life products do not.
OR
II. Variable life insurance products can take the form of Whole Life or En
Traditional life policies can not.Become a Scribd member to read and
III. Variable life insurance products allow the policyholders to pay future single
download full documents.
time to add more units to his account but traditional life participating produ
Start Your 30 Day FREE Trial
A. I only
B. I & III only
C. II & III only
D. I, II & III
8. Which of the following are some of the flexibility features of Variable life insuranc
I. Partial Withdrawal
II. Variation in sum assured

III. Guaranteed withdrawal values
A. II only
B. III only
C. I & II only
D. I, II & III

VUL M
9. Which of the following statements about single premium variable life policies are TRUE?
Related titles
I. There is no fixed term in a single premium variable life policy and therefore, it is technic

insurance.
II. Top-ups or single premium injections are allowed.
III. Policyholders have the flexibility of varying the life coverage.
A. I & II
B. I & III 
C. II & III
D. I, II, & III

10. The benefits of investing in variable life fund include:
I. Policyholders have access to a pooled and diversified portfolio of investment.

II. The policyholder
life insurance can easily
policies havechange the level ofwhich
clear structures premium
caterpayments as for
separately the investment
product des
protection.
III. Policyholders can gain access to variable life funds managed by professional investment
IV. The policyholder is relieved of the day to day administration of his investment.
A. I, II, & III

B. I, II, & IV You're Reading a Preview
C. I, III, & IV
D. All of the above Upload your documents to download.
Upload
11. The flexibility benefits of investing in variable life to Download
funds include:
I. Policyholders can easily change the level of sum insured and switch their investments be
II. Policyholders can easily take premium holidays and add ORsingle premium top-ups.
III. Variable life insurance products have simple product design with a clear structure
Become
separately for investment and insurance a Scribd member to read and
protection.
download
IV. Policyholders can easily change the level of full documents.
their premium payment.

A. I, II, & III
B. I, II, & IV
C. I, III, & IV

D. I, II, III, & IV
12. Which of the following statements describes the difference between variable life
participating products?
I. Variable life products allow policyholders to pay top-up premiums from time to time to b
for his account unlike traditional participating life policies.
II. Variable life products allow policyholders to take premium holiday unlike traditional par
products.
III. Variable life products can take the form of whole life or endowment policies un
participating life products.

Related titles


VUL M
A. I
B. I & II
C. I & III
D. I, II, & III
13. Your client is a 35 year-old male, earning P35,000 a month, has savings, and with moderate
What product would you recommend?
A. Participating whole life.

B. Endowment
C. Term

D. Variable life
14. In a Unit Trust investment, the duties of a Trustee include all of these EXCEPT:
A. Selects and manages the investments of the Trust.

B. Holds the pool of money and assets in trust on behalf of the investors.
C. Ensures that the fund managers adhere to the provisions of the trust deed.
D. Protects the interests of unit holders.
You're
15. To the Policyowners, administration benefits under Reading
variable lifeainclude:
Preview
A. Engaging independent professional Upload your documents
fund managers personallytotodownload.
manage the complicate
B. Constructing their own diversified portfolio.
C. Keeping track of their investment through the statements provided regularly by the insu
company.
Upload to Download
D. Exercising investment expertise by selecting funds that will give higher returns.
16. Which statement best describes Variable Life? OR
A. Fixed premium with returns that willBecome

not vary.a Scribd member to read and
B. Fixed premium with returns that will vary.download full documents.
C. Flexible premium with returns that will not vary.
D. Flexible premium with returns that will vary.

17. With traditional participating life insurance products, the allocations to policyowners of divid
I. Are not directly linked to the investments of the life company.

II. Are smoothened
III. Do not have the highs and lows of investment returns in good times
Related titles
IV. Are not fixed

A. I & II
B. I, II, and III
C. I, II, IV
D. II and IV


Related titles



You're reading a preview 
Unlock full access (pages 6-10) by

uploading documents or with a 30
day free trial
Continue for Free
Related titles



Related titles

Reward Your Curiosity

Everything you want to read.
Anytime. Anywhere. Any device.
Read free for 30 days
No Commitment. Cancel anytime.
Share this document

    
Related Interests
Life Insurance Insurance Investing Stocks Corporations
Documents Similar To VUL Mock Exam 1 - June 6, 2011 Version 1
ANSWER INSURANCE - Finals RHYS MURILLO - Life Insurance 320247730-

KEY_IC_MOCK… Reviewer Insurance Review… Basics eBook Traditional-Mock…
EXAM SET A df At L E d df
UPLOADED BY UPLOADED BY UPLOADED BY UPLOADED BY UPLOADED BY
Zyzy Lepiten katreena y… lex libertad… noexam1 Herson Lax…
More From Anonymous iOYkz0w 
Related titles


3. follosco Land Torts Midterm 2016_revised_Hand 16. garcia grL20357

421scra516 ac618… Conversion.pdf 21s1056 25nov1967 
03f b2004
UPLOADED BY UPLOADED BY UPLOADED BY UPLOADED BY UPLOADED BY
Anonymou… Anonymou… Anonymou… Anonymou… Anonymou…

ABOUT S UPPORT
About Scribd Help / FAQ
Press Accessibility
Our blog Purchase help
Join our team! AdChoices
Contact Us Publishers
Invite Friends
Gi s
Scribd for Enterprise
LE GAL
   
Terms
Privacy
Copyright
Copyright © 2020 Scribd Inc. . Browse Books . Site Directory . Site Language: English

VUL Mock Exam 1

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

VUL Mock Exam 1

Uploaded by

Copyright:

Available Formats

12/7/2020 VUL Mock Exam 1 - June 6, 2011 Version 1 | Life Insurance | Insurance

· 20K views · 11 pages

VUL Mock Exam 1 -

Download  Search document 

1. People generally invest their money to provide:

I. an improvement in their financial position

A. I,II & III

D. II, III & IV

A. I & II only

June 6, 2011 Version 1

I. Top-ups are usually allowed.

A. I & II only

C. II & III only 

7. Which of the following statementsUpload your the

I. Partial Withdrawal

II. Variation in sum assured

June 6, 2011 Version 1

ANSWER INSURANCE - RHYS MURILLO - Life Insurance 320247730- ANSWER

I. Policyholders have access to a pooled and diversified portfolio of investment.

A. I, II, & III

Start Your 30 Day FREE Trial

C. I, III, & IV

A. Participating whole life.

A. Selects and manages the investments of the Trust.

16. Which statement best describes Variable Life? OR

A. Fixed premium with returns that willBecome

I. Are not directly linked to the investments of the life company.

June 6, 2011 Version 1

ANSWER INSURANCE - RHYS MURILLO - Life Insurance 320247730- ANSWER

You're reading a preview 

Unlock full access (pages 6-10) by

ANSWER INSURANCE - RHYS MURILLO - Life Insurance 320247730- ANSWER

No Commitment. Cancel anytime.

Share this document

Life Insurance Insurance Investing Stocks Corporations

Documents Similar To VUL Mock Exam 1 - June 6, 2011 Version 1

ANSWER INSURANCE - Finals RHYS MURILLO - Life Insurance 320247730-

More From Anonymous iOYkz0w 

3. follosco Land Torts Midterm 2016_revised_Hand 16. garcia grL20357

ANSWER INSURANCE - RHYS MURILLO - Life Insurance 320247730- ANSWER

About Scribd Help / FAQ

Our blog Purchase help

Join our team! AdChoices

Scribd for Enterprise

You might also like