Paper III — Long Term Insurance · Part 2: Types of Life Insurance and Annuity
Q1免費 Free
以下關於定期保險的陳述，哪些正確？
I. 只在保障期內死亡才支付身故賠償
II. 保單到期時必定支付保額
III. 保費通常高於同保額的終身壽險
Which of the following statements about 定期保險 are correct?
I. Death benefit is only paid if death occurs within the coverage period
II. The sum assured is definitely paid upon policy maturity
III. Premiums are generally higher than whole life insurance with the same sum assured
Term insurance provides death protection only within the coverage period. If the insured survives to the end of the term, the policy expires with no payout and typically no cash value.
As a result, term insurance premiums are generally lower than whole life insurance with the same sum assured, as there is no savings component.
Term insurance is a pure protection product offering maximum death coverage at minimum premium.
Q2免費 Free
儲蓄壽險（Endowment Insurance）與定期保險的主要分別在於：
The main difference between endowment insurance and term insurance is:
A. 儲蓄壽險只提供身故保障
B. 儲蓄壽險保費通常低於同保額定期保險
C. 儲蓄壽險在保障期滿而被保人仍生存時，將支付保額
D. 儲蓄壽險沒有固定保障期
A. Endowment insurance only provides death protection
B. Endowment insurance premiums are generally lower than term insurance with the same sum assured
C. Endowment insurance pays the sum assured if the insured survives to the end of the policy term
D. Endowment insurance has no fixed coverage period
Endowment insurance combines protection and savings: it pays a death benefit if the insured dies during the term, and pays a maturity benefit if the insured survives to the end of the term.
Premiums for endowment insurance are therefore generally higher than term insurance with the same sum assured, as it includes a savings component.
Endowment pays in both death and survival scenarios, while term insurance only pays upon death.