Sun care Product Overview Quiz
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- 1.
Which of the following is NOT one of the six basic activities of daily living (ADLs) that define long-term care eligibility?
- A.
Bathing
- B.
Walking
- C.
Transferring
Correct Answer
B. WalkingExplanation
Walking is one of the six basic activities of daily living (ADLs) that define long-term care eligibility. The other five ADLs include bathing, dressing, eating, toileting, and transferring. These activities are used to assess an individual's ability to perform essential self-care tasks and determine their eligibility for long-term care services.Rate this question:
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- 2.
Which of the following is generally NOT covered by Long Term Care Insurance?
- A.
Home Care
- B.
Nursing Home
- C.
Extended Hospital Stays
Correct Answer
C. Extended Hospital StaysExplanation
Long Term Care Insurance typically covers services such as home care and nursing home expenses, but it generally does not cover extended hospital stays. This is because extended hospital stays are usually covered by health insurance or Medicare. Long Term Care Insurance is designed to cover the costs of long-term care services, such as assistance with activities of daily living, in settings other than a hospital.Rate this question:
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- 3.
What are the issue ages for Sun Care?
- A.
30–80 (based on age last birthday)
- B.
30–85 (based on age last birthday)
- C.
35–90 (based on age last birthday)
Correct Answer
A. 30–80 (based on age last birthday)Explanation
The issue ages for Sun Care are between 30 and 80 years old, based on age last birthday. This means that individuals must be between the ages of 30 and 80 on their last birthday in order to be eligible for Sun Care.Rate this question:
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- 4.
What is the minimum face amount for Sun Care?
- A.
$10,000
- B.
$25,000
- C.
$50,000
Correct Answer
B. $25,000Explanation
The minimum face amount for Sun Care is $25,000. This means that the lowest amount of coverage that can be obtained for Sun Care is $25,000.Rate this question:
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- 5.
What is the maximum face amount for Sun Care if the 3-year Accelerated Benefit rider period is selected?
- A.
$500,000
- B.
$750,000
- C.
$1,000,000
Correct Answer
C. $1,000,000Explanation
The maximum face amount for Sun Care is $1,000,000 if the 3-year Accelerated Benefit rider period is selected.Rate this question:
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- 6.
What is the maturity age for Sun Care?
- A.
95
- B.
101
- C.
121
Correct Answer
C. 121 -
- 7.
Which two riders are included with all Sun Care policies?
- A.
Accelerated Benefit Rider (ABR) & Residual Death Benefit Rider
- B.
Extension of Benefit Rider (EOB) & Nonforfeiture Benefit Rider
- C.
Accelerated Benefit Rider (ABR) & Extension of Benefit Rider (EOB)
Correct Answer
A. Accelerated Benefit Rider (ABR) & Residual Death Benefit RiderExplanation
The correct answer is Accelerated Benefit Rider (ABR) & Residual Death Benefit Rider. These two riders are included with all Sun Care policies. The Accelerated Benefit Rider allows the policyholder to receive a portion of the death benefit if they are diagnosed with a terminal illness. The Residual Death Benefit Rider provides an additional benefit if the insured dies due to an accident. These riders provide added protection and financial support to the policyholder and their beneficiaries.Rate this question:
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- 8.
The maximum benefit on the Accelerated Benefit Rider (ABR) is equal to what?
- A.
Policy Death Benefit
- B.
Policy Premium Amount
- C.
Policy Face Amount
Correct Answer
C. Policy Face AmountExplanation
The maximum benefit on the Accelerated Benefit Rider (ABR) is equal to the Policy Face Amount. This means that the policyholder can receive a maximum payout from the ABR that is equal to the face amount of their policy. The ABR allows policyholders to receive a portion of their death benefit early if they are diagnosed with a terminal illness or meet other qualifying criteria. The amount received will depend on the policy's face amount, which is the initial amount of coverage chosen by the policyholder.Rate this question:
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- 9.
With the Accelerated Benefit Rider (ABR) what happens to any Maximum Monthly Benefit amount not paid in a given month?
- A.
It extends the benefit period
- B.
It is lost
- C.
It is paid to the policy beneficiary
Correct Answer
A. It extends the benefit periodExplanation
The correct answer is that with the Accelerated Benefit Rider (ABR), any Maximum Monthly Benefit amount not paid in a given month extends the benefit period. This means that if the full benefit amount is not utilized in a particular month, it can be carried forward and added to the benefit period, allowing the policyholder to receive the remaining benefit amount in the future. This feature provides flexibility and ensures that the policyholder can continue to receive benefits for a longer duration.Rate this question:
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- 10.
With the Accelerated Benefit Rider (ABR), if the Client has a face amount of $145,772 and elects the 3 year option, what will their maximum monthly benefit amount be?
- A.
$4,049.22
- B.
$5,000.00
- C.
$5,358.93
Correct Answer
A. $4,049.22Explanation
The maximum monthly benefit amount for the Client with a face amount of $145,772 and electing the 3 year option is $4,049.22.Rate this question:
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- 11.
How much does the Health Advocate feature of Sun Care cost?
- A.
There is no charge for the Health Advocate feature
- B.
$50 per policy year
- C.
$50 each time an advocate is used
Correct Answer
A. There is no charge for the Health Advocate featureExplanation
The Health Advocate feature of Sun Care does not have any cost associated with it. It is provided free of charge to the users.Rate this question:
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- 12.
What is the maximum number of coverage years for a Sun Care policy with both the Accelerated Benefit Rider (ABR) and the Extension of Benefit Rider (EOB)?
- A.
4 years
- B.
6 years
- C.
8 years
Correct Answer
C. 8 yearsExplanation
The maximum number of coverage years for a Sun Care policy with both the Accelerated Benefit Rider (ABR) and the Extension of Benefit Rider (EOB) is 8 years. This means that the policyholder can receive coverage for up to 8 years if they have both riders attached to their policy.Rate this question:
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- 13.
How much does the Nonforfeiture Benefit Rider cost?
- A.
One time charge of 15% (based on age and risk class) of the EOB premium
- B.
Annual charge of 15% (based on age and risk class) of the EOB premium
- C.
Annual charge of 5% (based on age and risk class) of the EOB premium
Correct Answer
A. One time charge of 15% (based on age and risk class) of the EOB premiumExplanation
The Nonforfeiture Benefit Rider costs a one-time charge of 15% of the EOB premium, based on the insured individual's age and risk class. This means that when the rider is added to the policy, the insured will pay an additional fee equal to 15% of their EOB premium, which is determined by their age and risk classification. This is a one-time charge and does not require an annual payment.Rate this question:
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- 14.
What is the Sun Care Death Benefit amount equal to?
- A.
Accelerated Benefit Amount
- B.
Policy Premium unless the client is taking Accelerated Benefits
- C.
Face Amount unless the client is taking Accelerated Benefits
Correct Answer
C. Face Amount unless the client is taking Accelerated BenefitsExplanation
The Sun Care Death Benefit amount is equal to the Face Amount unless the client is taking Accelerated Benefits. This means that the death benefit paid out to the beneficiary will be equal to the original face amount of the policy, unless the client has chosen to receive accelerated benefits, in which case the death benefit amount may be reduced.Rate this question:
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- 15.
How many states and jurisdications have approved Sun Care as of June 1, 2011
- A.
27
- B.
37
- C.
50
Correct Answer
B. 37Explanation
As of June 1, 2011, a total of 37 states and jurisdictions have approved Sun Care.Rate this question:
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- 16.
What is the first year commission for Sun Care?
- A.
4% of the total single premium
- B.
6% of the total single premium
- C.
8% of the total single premium
Correct Answer
C. 8% of the total single premiumExplanation
The correct answer is 8% of the total single premium. This means that the first year commission for Sun Care is 8% of the total amount paid as a single premium.Rate this question:
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- 17.
Which of the following is required for a producer to sell Sun Care?
- A.
CFP Designation
- B.
Active Series 6 License
- C.
Active State Life & Health License
Correct Answer
C. Active State Life & Health LicenseExplanation
In order for a producer to sell Sun Care, they must have an Active State Life & Health License. This license is necessary as Sun Care products are typically classified as health-related items, and therefore require a license that allows the sale of health-related products. The CFP Designation and Active Series 6 License do not specifically pertain to the sale of Sun Care products, so they are not the correct answer.Rate this question:
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- 18.
How many phone calls will a client recieve as part of the personal history tele-interview process?
- A.
One
- B.
Two
- C.
Three
Correct Answer
B. TwoExplanation
The client will receive two phone calls as part of the personal history tele-interview process.Rate this question:
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- 19.
How many days is the typical 2011 Sun Care policy issue process designed to take?
- A.
8 Days
- B.
15 Days
- C.
30 Days
Correct Answer
C. 30 DaysExplanation
The typical 2011 Sun Care policy issue process is designed to take 30 days. This means that it is expected to take a month for the policy to be issued.Rate this question:
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- 20.
What group is responsible for running Sun Care pre-sale illustrations?
- A.
SLFD Sales Desk
- B.
Sun Care Case Coordinators
- C.
Sun Life Insurance Customer Service
Correct Answer
A. SLFD Sales DeskExplanation
The SLFD Sales Desk is responsible for running Sun Care pre-sale illustrations.Rate this question:
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Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Jan 17, 2024Quiz Edited by
ProProfs Editorial Team -
Jun 03, 2011Quiz Created by
Monahan
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