... Term Insurance Examination I. Introduction to Life Insurance i. Definition of Life Insurance A. Needs for Life Insurance ii. Principles of Life Insurance A. Insurable Interest B. Duty of Disclosure C. Other Insurance Principles iii. Calculation of Life Insurance Premium A. Rating Factors a. Mortality...

... policies, Financial Needs Analysis is a good tool to help. 4 Compare products Compare products provided by various insurance companies. It is wise to evaluate the variety of products o�ered and select the one that is most suitable to you. Don’t just look at the premium amount. The di�erence in premiums...

... policies, Financial Needs Analysis is a good tool to help. 4 Compare products Compare products provided by various insurance companies. It is wise to evaluate the variety of products o�ered and select the one that is most suitable to you. Don’t just look at the premium amount. The di�erence in premiums...

... underwriting a medical policy. Generally, a younger, healthier, non-smoking policy holder who is not a heavy drinker will enjoy a lower premium. Most policies have age limits for first-time applications and renewals. Normally, the maximum entry age is 65, while the maximum renewal age is 75 or even 100. This...

... failed to comply with the said IA’s Guidance Note will need to explain the reason for such non-compliance if called upon to do so by the Disciplinary Committee in an investigation. (b) Handling of Insurance Premium and/or Clients’ Monies Handling of insurance premium and/or clients’ monies in relation to...

... allowed  to  show supplementary  illustrations, such as withdrawal or  premium offset?  A  3.   Insurers  are  allowed  to  show  supplementary  illustrations  on  optional  product  feature  (except  premium  offset where  the  requirement  under  section  4.1.3  of  Appendix I to the GN16 applies...

... to keep client monies in a client account separate from his own monies. As a general principle, monies received from client for the purpose of purchasing contract of insurance should be paid into a client account, and premium monies required to be paid on behalf of client to insurers should be...

... amount of premium payable for the product.    In providing any of the permitted gifts, promotions or incentives set out in paragraph  6.1  to an  insurance broker, Member Companies should ensure  they do not create a  conflict of interest in the duty that the insurance broker owes to the policyholder (or...

... replacement： a) You could be paying the policy set-up cost TWICE – the set-up cost is usually two years premiums or 10% of single premium of the basic life insurance policy replaced/to be replaced (This is for reference only; the Agent/Broker should advise you of the estimated loss for this replacement...

... replacement： a) You could be paying the policy set-up cost TWICE – the set-up cost is usually two years premiums or 10% of single premium of the basic life insurance policy replaced/to be replaced (This is for reference only; the Agent/Broker should advise you of the estimated loss for this replacement...