ALLP Assessment 1

Is this your test? Login to manage it. If not, you can build an exam just like it.

This is a non-interactive preview of the quiz content.

1 point

A client can reinstate his policy whenever he can afford it, there is no maximum time frame.

True

False

1 point

There is a cooling-off of 60 days after receiving the policy documentation, during which time the policy may be cancelled by writing “CANCEL” across it and returning it to ABSA Life.

True

False

1 point

1.1. Mr. January receives a call from an ABSA CC Agent. He tells the agent that he wants to take out the policy for his spouse. What will you do if you were the agent?

Confirm the spouse`s details and write out the policy immediately

Take down the spouse`s details and call her

Write up a joint policy for Mr. January and his spouse

1 point

1.3. Cover is available for:

The main member and spouse (stand alone)

The main member and spouse (joint policy)

Main member, spouse and 5 children

1 point

1.5. What is the duration of the policy?

Ceases at age 65 years

Ceases at age 75 years

Continues for life

1 point

1.4. What is the minimum and maximum entry age

Minimum entry age is 24 years and the maximum entry age is 49 years

Minimum entry age is 24 years and the maximum entry age is 55years

. Minimum entry age is 24 years and the maximum entry age is 65 years

1 point

The premium payer and the life assured may differ

True

False

1 point

1.2. Mrs. Peters takes out an Absa Lifelong Provider for a sum assured of R 100 000.00. After paying the policy for 6 months she decides to increase the amount. What options does she have?

She can only increase policy once in the lifetime of policy

She cannot increase the sum assured

The maximum amount available for her is R 150 000.00

1 point

Savings account from the Mzanzi, Post Office and credit cards
can be accepted as a payment method

True

False

10.

1 point

No premium increases as premium is a level premium. The premium remains the same for the duration of the policy, premium remains the same for the duration of the policy, however ABSA Life reserves the right to increase premiums from time to time should they deem it necessary (based on claims experience)

True

False

Home Features Pricing FAQs Legal Sample Tests Build a Test Login/Sign Up