Friday Five Focus on Protection – 7 October – 5 Questions in 5 Minutes
Friday Five Focus on Protection – 5 Questions in 5 Minutes Every Friday
What’s this all about?
Each week, we ask questions relating to one of these topics: Investments, Taxation, Pensions, Protection, or Regulation. This week, our Friday Five is relevant to Protection; this is useful as you prepare for the CII’s R05 exam. The challenge is for you to answer them in 5 minutes. Answers at the bottom of the page.
Questions
IMPORTANT! IMPORTANT! These questions relate to examinable tax year 2022/23, examinable by the CII until 31 August 2023.
- Which of the following is disregarded for long term care purposes according to the Care Act 2014?
- Surrendering an Insurance (investment) bond
- Selling a Capital redemption bond
- Individual Savings Accounts income
- Selling a Unit trust
- Which of the following additional benefits may also be paid from an accident, sickness and unemployment insurance policy?
- A lump sum benefit for total and permanent disability
- A daily amount for each day spent in hospital
- A lump sum benefit for loss of a limb or sight
- A weekly amount for each week requiring home nursing care
- Jane is in receipt of State pension credit. If she receives support for mortgage interest loan payments, they will be paid
- immediately, up to £100,00 of any mortgage covered with no limits on the length of claim
- after 39 weeks and until her mortgage is paid off
- after 26 weeks for interest on mortgages up to £100,000
- after 39 weeks for a maximum of 2 years
- Colin, aged 75, has income in 2021/22 from his basic State pension and savings. In addition to his age, entitlement to the savings credit element of the State pension credit will be determined by Colin’s
- level of income
- state of health
- employment status
- National Insurance contribution record
- Private medical insurance is primarily aimed at which of the following conditions?
- Acute
- Infectious
- Chronic
- Life-threatening
Answers
- A – See R05 Study Text, Chp 8
Grab our taster mock exam paper for CII R05. Click here to download.
- C – See R05 Study Text, Chp 9
Grab our taster mock exam paper for CII R05. Click here to download.
- A – See R05 Study Text, Chp 3
Grab our taster mock exam paper for CII R05. Click here to download.
- A – See R05 Study Text, Chp 3
Grab our taster mock exam paper for CII R05 Click here to download.
- A – See R05 Study Text, Chp 9
Grab our taster mock exam paper for CII R05. Click here to download.
How did you find this week’s questions? Did you complete them in 5 minutes? Did you get them all correct? Do you disagree with any?
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