QFA LIFE ASSUARANCE
Don't give up now! Trust the process.
QFA LIFE ASSUARANCE SAMPLE
PAPER 2 QUESTIONS WITH
Your time: 1 min.
ANSWERS
Correct 0
0%
Incorrect 100
Your answers
1 of 100
Term
A mortgage protection policy is not suitable to Joan, who has an
interest only home loan over seven years because:
A the minimum term on a mortgage protection is ten years
B the debt is not reducing so, in the event of death, the policy would
not clear the debt in full
C if Joan dies in three years, there may be a shortfall between the
policy claim and the home loan debt
D it cannot be assigned to the bank
Give this one a go later!
C A
3.2 - Illness Income Cover 2.2.5 - Mortgage Protection
, B C
2.2.5 - Mortgage Protection 12.3.3 - Discrimination
Don't know?
2 of 100
Term
A reduced benefit paid by an Income Protection policy when the
insured returns to work part time is referred to as which type of
benefit?
A Proportionate
B Assigned
C Excluded
D Loss of profits
Give this one a go later!
A D
8.1.3 - Unit Fund Choice 6.147 - Business Structures
A C
3.2.7 - Proportionate benefit 2.2.1 - Term Assurance
Don't know?
3 of 100
,Term
Jim is married and had a Term Assurance policy on his own life which
has not been assigned or written under trust. Jim left a Will leaving
the policy proceeds to his daughter, Emily.
If Jim dies, who must make a claim on the policy?
A His spouse
B Emily
C His legal personal representatives
D Jim's nearest living relative
Give this one a go later!
A C
5.4 - Credit Union Savings 13.3.2 - Death benefit claim
A
B
11.2.1 Employees of life assurance
6.2.3.2 - Own life in trust
companies
Don't know?
4 of 100
Term
If Jim dies leaving no Will and is survived only by his two children,
what share, if any, of his estate is each of his two children entitled to?
, A None
B 1/6th
C 1/4th
D half
Give this one a go later!
D B
5.3 - No Will 10.4 - Income Tax
B
C
14.2.1 - Customer Price Index - All
5.3 - No Will
Items
Don't know?
5 of 100
Term
The expected proportion of lives assured at a specific age that are
expected to die over the following 12 months is a:
A morbidity rate
B mortality rate
C systematic rate
D selection rate
Give this one a go later!
Don't give up now! Trust the process.
QFA LIFE ASSUARANCE SAMPLE
PAPER 2 QUESTIONS WITH
Your time: 1 min.
ANSWERS
Correct 0
0%
Incorrect 100
Your answers
1 of 100
Term
A mortgage protection policy is not suitable to Joan, who has an
interest only home loan over seven years because:
A the minimum term on a mortgage protection is ten years
B the debt is not reducing so, in the event of death, the policy would
not clear the debt in full
C if Joan dies in three years, there may be a shortfall between the
policy claim and the home loan debt
D it cannot be assigned to the bank
Give this one a go later!
C A
3.2 - Illness Income Cover 2.2.5 - Mortgage Protection
, B C
2.2.5 - Mortgage Protection 12.3.3 - Discrimination
Don't know?
2 of 100
Term
A reduced benefit paid by an Income Protection policy when the
insured returns to work part time is referred to as which type of
benefit?
A Proportionate
B Assigned
C Excluded
D Loss of profits
Give this one a go later!
A D
8.1.3 - Unit Fund Choice 6.147 - Business Structures
A C
3.2.7 - Proportionate benefit 2.2.1 - Term Assurance
Don't know?
3 of 100
,Term
Jim is married and had a Term Assurance policy on his own life which
has not been assigned or written under trust. Jim left a Will leaving
the policy proceeds to his daughter, Emily.
If Jim dies, who must make a claim on the policy?
A His spouse
B Emily
C His legal personal representatives
D Jim's nearest living relative
Give this one a go later!
A C
5.4 - Credit Union Savings 13.3.2 - Death benefit claim
A
B
11.2.1 Employees of life assurance
6.2.3.2 - Own life in trust
companies
Don't know?
4 of 100
Term
If Jim dies leaving no Will and is survived only by his two children,
what share, if any, of his estate is each of his two children entitled to?
, A None
B 1/6th
C 1/4th
D half
Give this one a go later!
D B
5.3 - No Will 10.4 - Income Tax
B
C
14.2.1 - Customer Price Index - All
5.3 - No Will
Items
Don't know?
5 of 100
Term
The expected proportion of lives assured at a specific age that are
expected to die over the following 12 months is a:
A morbidity rate
B mortality rate
C systematic rate
D selection rate
Give this one a go later!
