Q. What is an Immediate Annuity?

View solution

Q. What is a characteristic of Increasing Annuity?

View solution

Q. What is the feature of Decreasing Annuity?

View solution

Q. What is an annuity-certain policy?

View solution

Q. What is a Last Survivor Annuity?

View solution

Q. What is the primary characteristic of term insurance contracts?

View solution

Q. Which type of insurance contract allows the policyholder to pay premiums until a certain age, after which the cover continues until death without further premium payments?

View solution

Q. What is the distinguishing feature of a decreasing annuity contract?

View solution

Q. What type of annuity ensures payments as long as both annuitants are alive and ceases upon the death of either?

View solution

Q. Which type of annuity allows the policyholder to choose between a lump sum payment or an immediate annuity at the vesting date?

View solution

Q. What is the primary characteristic of a Term Assurance contract?

View solution

Q. Which type of insurance contract offers a lump-sum payment upon the diagnosis of critical illnesses?

View solution

Q. In a Deferred Annuity with Life Cover, what happens if the policyholder dies during the deferment period?

View solution

Q. What distinguishes an Immediate Annuity in arrears from an Immediate Annuity due?

View solution

Q. What is a characteristic feature of Increasing Immediate Annuity contracts?

View solution

Q. What are riders in insurance contracts primarily designed for?

View solution

Q. When does the option to include a rider become valid?

View solution

Q. What event triggers the benefits provided by the Permanent Disability Rider?

View solution

Q. What is the primary purpose of the Term Rider?

View solution

Q. What condition must be met for the Accident Benefit Rider to pay out its benefits?

View solution