1 Rachel is applying for a participating whole life insurance policy and is yet to choose a divided payment option. She would like to know about the accumulation option. Which of the following information about the accumulation option is FALSE? eFhHRIhxROZCNVINSZFWWnViblAwQT09 a. O Rachel will be required to make minimum yearly withdrawals from the accumulation account.

2. Your dad applied for a term life insurance (provides the insured person with a coverage for a specified period of time of one, five or more years), He got a flexible policy (allows the insured person to change certain components of the insurance plan) because some payment options include a policy payout (insurance proceeds) as soon period achieved or upon contingency (death or accident). Some companies offer insurance products that can be availed only upon death. Because of this better option, your dad decided to avail of insurance A's flagship insurance product. Your dad's contribution per year is P20,000 that earns 6% compounded monthly for 20 years. How much will be paid out to your dad after 20 years by insurance A? as the target

110

D4) 40. Rafee applied for long-term care insurance on December 3, 2018. Following the underwriting process, the policy was issued on December 17. The insurer couriered the policy to Rafee's agent, who received it on December 28. The insurance agent was able to deliver the policy in person to Rafee on January 14, 2019, and they reviewed the policy details together. What is the latest date that Rafee can cancel the policy and receive a reimbursement of the premiums he paid? a. January 24, 2019 b. January 18, 2019 c. January 19, 2019 d. January 11, 2019