CM-LIP Part 1 (Free Trial Paper)
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Question 1 of 5
1. Question
The concept of anti- selection means?
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Question 2 of 5
2. Question
What are the three tiers of Financial Literacy from the Money SENSE Program?
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Question 3 of 5
3. Question
One of the criteria for Critical Illness Benefit to be paid is for the insured to survive the survival period. The Survival Period would be:
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Question 4 of 5
4. Question
Which of the following is true of Group Term Life Insurance?
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Question 5 of 5
5. Question
Use the following data for question 99 and 100. Single premium = $20,000 Bid Price = $1.50 Bid Offer Spread = 5% Policy Fee = $150 Admin & mortality charges = 2% of single premium Sum assured = 125% of single premium or value of units whichever is higher Minimum top-up = $3000 Top-up fee = $60 plus 2% of the top-up premium Assume that the unit price grows at a constant rate of 6% p.a. and all the premiums are used to purchase units before deducting any charges. 99. How many units can Mr. Lim purchased with data given?
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CM-LIP Part 1
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Exam Paper
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