... policy). Are you also sure that the application for your replacement policy will be accepted? (c) Is the sum insured under the new policy not less than that under the existing policy? (d) Are the returns and cash value offered by the new policy guaranteed or just projected non-guaranteed amounts...

... policy). Are you also sure that the application for your replacement policy will be accepted? (c) Is the sum insured under the new policy not less than that under the existing policy? (d) Are the returns and cash value offered by the new policy guaranteed or just projected non-guaranteed amounts...

... indication of future performance. In addition, the projected total IRRs include non-guaranteed portion of return, therefore such rates are not guaranteed and may be changed by the insurer from time to time. The actual total IRRs may be higher or lower than those illustrated on the webpage....

... minimum guaranteed benefits that are supplemented by non-guaranteed benefits that enable policyholders to participate in the investment returns of the insurer. The value of the non-guaranteed benefits is dependent on (and can fluctuate based on) the insurer’s investment mix, application of expense...

...  one  page,  are  insurers allowed to present the figures in two pages?  A  10.   Yes.    Insurers have an option  to present  the  figures  in  two pages  in  the  format  below:    For the first page:  SURRENDER VALUE End of Total Policy Premiums Paid Guaranteed Non-Guaranteed Total Year Accumulated...

..., credit risk5, early surrender risk6, death benefit risk, risks of non-guaranteed benefit, risk of duration / payment timing mismatches, etc.) as a result of the use of the PF arrangement, which may result in financial loss or reduction in benefits. (c) Impact on customer’s rights to cancel the policy...

... potential policyholders. (2) Guaranteed annuity payments subject to minimum percentages of total projected annuity payment: Insurers should include a clear presentation in the BI of the guaranteed annuity payments and non-guaranteed annuity payments, if applicable. The guaranteed annuity portion is subject...

... Long Term Study Notes Insurance Intermediaries Quality Assurance Scheme Long Term Insurance Examination Study Notes 2017 Edition i PREFACE These Study Notes have been prepared to correspond with the various Chapters in the Syllabus for the Long Term Insurance Examination. The Examination will be ba...

... Insurance Intermediaries Quality Assurance Scheme Long Term Insurance Examination Study Notes 2016 Edition PREFACE These Study Notes have been prepared to correspond with the various Chapters in the Syllabus for the Long Term Insurance Examination. The Examination will be based upon these Notes. A...

... IIQE - Long Term Insurance Examination Study Notes (2016 Edition) Insurance Intermediaries Quality Assurance Scheme Long Term Insurance Examination Study Notes 2016 Edition i PREFACE These Study Notes have been prepared to correspond with the various Chapters in the Syllabus for the Long Term Insur...