Team Af Ultra Index/Plus Quiz

10 Questions | Total Attempts: 37

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Team Af Ultra Index/Plus Quiz

Questions and Answers
  • 1. 
    Ultra Index is a fixed product.
    • A. 

      True

    • B. 

      False

  • 2. 
    The current "Cap" for Ultra Index is
    • A. 

      8%

    • B. 

      7%

    • C. 

      9%

    • D. 

      6%

  • 3. 
    The current rate for the "fixed account" for Ultra Index is...
    • A. 

      2%+

    • B. 

      2.75%

    • C. 

      3.35%

    • D. 

      3.85%

  • 4. 
    What is the "floor" on Ultra Index?
    • A. 

      2%

    • B. 

      1%

    • C. 

      0%

    • D. 

      3%

  • 5. 
    A "standard loan" on Ultra Index is charged and credited at the following interest rate(s).
    • A. 

      Charged 2% and credited 2%

    • B. 

      Charged 4% and credited 2%

    • C. 

      Charged 3% and credited 2%

    • D. 

      Charged 3% and credited 1%

  • 6. 
    The persistency bonus on the Ultra Plus is?
    • A. 

      1.0%

    • B. 

      None

    • C. 

      .50%

    • D. 

      .25%

  • 7. 
    What is the minimum interest guaranteed on the UIltra Index?
    • A. 

      3.0%

    • B. 

      2.0%

    • C. 

      4.0%

    • D. 

      .50%

  • 8. 
    What is the target premium for a 30 year old male, preferred smoker, $500,000 coverage (DB option 1) and GIR ($50,000)?
    • A. 

      $3319.54

    • B. 

      $2757.48

    • C. 

      $3427.50

    • D. 

      $3400.00

  • 9. 
    If you miss one of the opportunities to increase the customers coverage under the GIR  you forfeit all remaining increases. True or False?
    • A. 

      True

    • B. 

      False

  • 10. 
    All the following products are available for Juveniles"except"?
    • A. 

      Legacy Secure

    • B. 

      Ultra Plus

    • C. 

      Ultra Index

    • D. 

      AWLA

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