5 Questions
Which of the following best describes life insurance?
A legal contract that insures the life of a person in exchange for a premium
What happens to the insured's beneficiary upon the insured's death?
They receive a stated sum of money from the insurance company
What role does income play in one's quality of life?
Income plays a crucial role in the quality of life that one can enjoy
What is variable life insurance?
A life insurance product where a major portion of the premium is used to purchase units in a variable life fund
When was Pru Life UK established?
1996
Test your knowledge about life insurance and its history in this quiz. Learn about the unique legal contract that provides financial protection to the insured's loved ones. Discover how income relates to the quality of life and explore the origins of life insurance. Challenge yourself and become an expert in this important aspect of financial planning.
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