NovemberSAP

1.

1 point

For Insurance policies held within super, what payment frequencies are available?

Monthly or quarterly

Monthly, quarterly, annually

Monthly only

2.

1 point

What is the requirement for a client who wishes to dial down the adviser commission on an APPP policy

Client must complete and sign the commission notification form

Client can do this via PAC form

Both client and adviser must sign the commission notification form

Adviser can do this via AdviserNET – change account details screen

3.

1 point

What is the most likely reason that an EY account would have two Life Insurance policies?

This is an error - raise a rework

The employer had been removed and then added again - this has created two policies

One of the insurances is a voluntary, the other is automatic EY insurance

One is an APPP policy, the other is an EY One Path policy

4.

1 point

Can EY employees hold salary continuance cover within their AESA plan?

No, salary continuance cover is provided outside of the EY Plan in Asgard with AON as a stand-alone policy

Yes, however client will have to contact EY people info line to have this set up

Yes, premium will be deducted on monthly basis from their AESA cash balance

Yes, this will be held as a stand along income protection policy funded through their Asgard super account

5.

1 point

What is the loading for APPP life insurance for a flying instructor?

Ordinary Rates

Declined – we do not provide life insurance for this occupation

2x ordinary rate for life insurance

Additional $2 per $1000 of cover

Individual consideration

6.

1 point

The ‘own occupation’ definition for APPP TPD insurance cover is available for which of the following?

Kindergarten teacher

Jewellery Retailer

Pathologist

Childcare worker – unqualified

Childcare worker – qualified

7.

1 point

An AIA priority protection plan can be funded through all of Asgard’s superannuation product

True

False

8.

1 point

What is the default cover amount for EY employees whose benefit category is 2A – Accumulation – without dependants?

2x salary for Life and 4x salary for TPD

2x salary for Life and TPD

4x salary for Life and TPD

4x salary for Life and 2x salary for TPD

9.

1 point

If a client with personal comprehensive insurance opts out of CPI indexation this year will the cover be indexed again next year

No, Once a customer opts out of indexation they cannot opt back in without being underwritten

Yes, the opt-out is only valid for one year

10.

1 point

If an insurance policy has an acceptance date on 14/09/2016 and is being paid monthly from super, when will the next premiums be deducted?

31/10/2016

14/10/2016

17/10/2016

17/11/2016