Insurance
Date Started: 08 Oct, 2008
Date Completed: 08 Oct, 2008
Results: 2/10 questions answered correctly.

QUESTION 1: Which of the following types of insurance would be classified General Insurance:
You answered this question INCORRECT
Your answer was Comprehensive Car insurance.. The correct answer was: All of the above.

QUESTION 2: When reviewing the amount of Life insurance needed, which of the following features is the most important factor to consider:
You answered this question INCORRECT
Your answer was Which church the funeral will be held at.. The correct answer was: How much debt you have.

QUESTION 3: With Income Protection insurance, what is typically the maximum amount of income you can generally insure:
You answered this question INCORRECT
Your answer was 75%.. The correct answer was: 70%.

QUESTION 4: Is it possible for a non-working person to have Life insurance:
You answered this question INCORRECT
Your answer was No.. The correct answer was: Yes.

QUESTION 5: If an insurable event occurs, business expenses insurance would cover?
You answered this question INCORRECT
Your answer was The contents of your business if you had a robbery.. The correct answer was: Fixed costs such as rent or electricity.

QUESTION 6: Trauma insurance is used to provide protection for?
You answered this question CORRECT

QUESTION 7: A benefit period for Income Protection is:
You answered this question INCORRECT
Your answer was The period in which the insurance company sends you flowers.. The correct answer was: The maximum length of time that the policy will pay the insurance claim for.

QUESTION 8: What factor would have the least affect on your premiums for Trauma insurance?
You answered this question INCORRECT
Your answer was The amount of cover you wish to have.. The correct answer was: How many kids you have.

QUESTION 9: You are a doctor and have Total and Permanent Disability insurance with an 'own occupation' policy definition. In the event you were to become totally and permanently disabled due to a sickness or injury, in what situations could you make a claim?
You answered this question INCORRECT
Your answer was Where you cannot perform the normal functions of a doctor.. The correct answer was: All of the above.

QUESTION 10: A Waiting Period for Income Protection insurance refers to:
You answered this question INCORRECT
Your answer was The time spent waiting for a specialist doctor.. The correct answer was: The time you have to wait after a claim event occurs before you start receiving your insured benefit.