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101 QUIZ

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life insurance 101 quiz

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

What is lump sum servere illness cover?

2 / 10

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

3 / 10

If I pay for my policy premiums for 20 years and don’t die, can my Life cover be paid out to me?

4 / 10

Why do insurers want to know if I am a smoker or not when taking out life cover?

5 / 10

What is the minimum and maximum amounts of Life Cover you can have?

6 / 10

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

7 / 10

What will my premium be if I am 25 years old and I want R1 million life cover?

8 / 10

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

9 / 10

When is the best time to take out Life Cover?

10 / 10

I bought a house last month, the bank has advised that I need to have life cover which is the same amount as my bond amount but I don’t understand why I need this cover?

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

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