LIFE INSURANCE

101 QUIZ

Think you can out smart these insurance questions??

Hmm, let’s see if you can?

1 votes, 5 avg

Life Insurance Quiz 101

10 random quick, easy life insurance quiz questions to help you unlock how it works by increasing your knowledge.

1 / 10

Is it necessary to have a Will, in case I die?

Yes, it will allow your estate to be wound up efficiently and will ensure that your last wishes are carried out.

No, you don’t need to have a will because, by law everything will automatically go to my wife and children.

No, a will is only needed if you have a lot of money and assets.

2 / 10

Do I need to go undergo any medicals or answer any medical questions when taking out life cover?

Yes, you will be required to go to a lab and do blood tests to prove you are healthy and send it to us before you can sign up. Please note these costs are for your own account.

No, medicals don't prove anything and therefore there is no reason to go through this.

No, this will be done at the time of a claim.

Generally insurers will request that you go for certain blood test and answer medical questionnaires so they can assess you health up front before you take out a policy. These are routine tests and the insurer will pay for these tests.

3 / 10

I have life cover of R500 000 and I have been diagnosed with stage 4 cancer and I have 3 months to live. Is there anyway I can get my life cover money paid to me before I die to settle my debt?

No, life cover does not cover you for any servere illness and will therefore not pay.

No, life cover only pays if you die.

Yes some insurers may consider paying you out if you have less than 12 months to live. Once the payment is made, your life cover will end.

4 / 10

With death cover, is there a waiting period for suicide?

Yes, 24 months waiting period.

Yes, 12 months waiting period.

No, if you die from suicide you will still be covered at any time.

Yes, 60 months waiting period.

5 / 10

When is the best time to take out Life Cover?

Life cover should be taken out as soon as possible. The younger you are the lower your premiums will be. Life is uncertain and you want to leave your family some means to take care of themselves.

Life cover should be taken out after you turn 50 years old, to ensure your family has money to survive in the event of your death.

Life cover should be taken out after you turn 21 years as you are officially an adult and you have responsibilities.

6 / 10

Is there specific cover for cancer only, as my family are at a higher risk for this disease?

No, cancer is a very common illness and the insurers wont be able to manage this high risk.

Yes, most insurers now offer critical and servere illness cover on their own, like cancer, heart attack, stroke, etc. covers.

No, servere illness cover will cover cancer and other servere illnesses, you need to take servere illness cover.

7 / 10

What would happen if I don’t disclose to the insurer upfront that I once had a heart attack when I was really young?

The insurer will cancel your policy and report you to the Ombudsman for your unethical behaviour.

This might result in your claim being rejected and your beneficiaries not receiving any pay-out when you die. Its best to always be honest about your medical history.

Your claim will be rejected because the insurer should have put heart attack as an exclusion on your policy

8 / 10

What will happen if I stop paying for my life cover premium?

The lump sum amount which you were supposed to receive will decrease every month by the premium amount which you haven't paid.

When you die, your family will be paid out the amount of all the premiums that you have paid.

Non payment of premiums will mean your policy lapses, all premiums already paid will be forfeited and cover will end immediately.

9 / 10

Why is Life Cover important to have?

You want to ensure that your family is not left with all your debt and life cover is meant to pay off all your debts.

You want to ensure that your family is able to provide you with a nice funeral and can also pay for you to have a decent tombstone once you die.

It ensure that your family is taken care of when I die and it will also assist to pay off any outstanding debts or tertiary/school fees and provide monies for my loved ones.

10 / 10

What is lump sum servere illness cover?

Servere illness cover protects you against corona virus, since the virus is deadly specific cover can be taken out for this disease.

Servere illness cover protects you against illness such as - heart attack, strokes, cancers and loss of leg, arm or eyes.

Servere illness cover protects you from any illness which has left you severely ill and can possibly result in death. Example stroke, heart attack, cancer.

Your score is

Please rate this quiz

*This quiz is not intended as financial or insurance advice. Call us for specific insurance related questions and advice.

Quiz Satisfaction

Ready For Another Quiz|Learn or Laugh|Come on Click Below

Insurance 101 Quiz?

Fun Quiz?

Click to Like Our Facebook Page

NOW WHAT?

So let’s see if we can provide you with smart insurance quotes??

Hmm, let’s see if you willing to take the next step?

Life Insurance

Car Insurance

NEED HELP?

Have a question you really need help with? Talk to us, we are EXPERTS, come on?

We won't share your information with anyone unlawfully.

Feel free to add any questions or notes or best dates or times to contact you so that we can address all your questions and assist you with insurance.

Consent & Declaration
Appropriate financial advice can only be furnished after full and proper disclosure of relevant personal and financial information is obtained. The purpose for completing this form is for enquiry purposes only.

XINIX will not share any of my details with any third party unless the sharing is required in order to provide me with a insurance quotations.

To this end, I consent and give authority to XINIX (Pty) Ltd to make contact with me.