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Life 101 Quiz Challenge

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Life 101 Quiz Challenge

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About this activity

Test your knowledge on essential life skills and lessons from Life 101!

Created by

Yugami Phi Ling Lyka Saiko
Yugami Phi Ling Lyka Saiko
Philippines

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Life 101 Quiz Challenge
 

Life 101 Quiz ChallengeOnline version

Test your knowledge on essential life skills and lessons from Life 101!

by Yugami Phi Ling Lyka Saiko
1

What do you call a life insurance product that provides a benefit only upon death of the Insured for a specific period?

2

Which of the following life insurance products are required to have a cooling-off or free-look period, which is a period from date of receipt of the contract for the policyholder to return or cancel the contract: i. Products sold through e-commerce ii. Variable Unit-Linked iii. Health Insurance with exclusion on pre-existing conditions iv. Whole Life Insurance

3

Jennie Kim applied for a loan from Gringotts Bank. Gringotts Bank required Jennie Kim to enroll under its group credit life insurance with JYP Insurance. Under Jennie Kim’s individual certificate, the primary beneficiary is:

4

Life insurance policies can be classified according to the following except: i. Benefits offered ii. Amount of premium iii. Investment component iv. Surplus distribution

5

Which of the following statements is true?

 
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