Trivia Questions On Kiwi and Universal Life Insurance! Quiz

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1. Using the KIWI and looking at the Sun Universal Life product, select the correct calculation for death benefit option A.

The greater of * face amount + all premiums paid - loan, and* corridor death benefit - loan

The greater of* face amount - loan, or* corridor death benefit - loan

The greater of * face amount + account value - loan, and* corridor death benefit - loan

About This Quiz

Trivia Questions On Kiwi and Universal Life Insurance! Quiz - Quiz

Insurance companies were created for the primary purpose of ensuring that the insured party does not suffer loss related to a particular risk occurring. At kiwi insurance limited, one gets the option of missing a premium payment when they have financial difficulties. Go through these questions on kiwi and universal... see morelife insurance and see how well you understand the policy.
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2. Using the KIWI and looking at the Sun Universal Life product, select the correct calculation for death benefit option B.

The greater of * face amount + all premiums paid - loan, and* corridor death benefit - loan

The greater of* face amount - loan, and* corridor death benefit - loan

The greater of * face amount + account value - loan, and* corridor death benefit - loan

3. Using the KIWI and looking at the Sun Universal Life product, select the correct calculation for death benefit option 1.

The greater of * face amount + all premiums paid - loan, and* corridor death benefit - loan

The greater of* face amount - loan, and* corridor death benefit - loan

The greater of * face amount + account value - loan, and* corridor death benefit - loan

4. Using the KIWI and looking at the Sun Universal Life product, select the correct calculation for death benefit option 3.

The greater of * face amount + all premiums paid - loan, and* corridor death benefit - loan

The greater of* face amount - loan, and* corridor death benefit - loan

The greater of * face amount + account value - loan, and* corridor death benefit - loan

5. Using the KIWI and looking at the Sun Universal Life product, select the correct calculation for death benefit option 1.

The greater of * face amount + all premiums paid - loan, and* corridor death benefit - loan

The greater of* face amount - loan, and* corridor death benefit - loan

The greater of * face amount + account value - loan, and* corridor death benefit - loan

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