Zurich Australia Limited ABN AFSLN Product Accreditation Test for Zurich Active At date: 1 October 2016

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1 Name: Date: Signature: / / Phone Number: Zurich Australia Limited ABN AFSLN Product Accreditation Test for Zurich Active At date: 1 October 2016 Participant instructions 1. Please print your details and sign at the top of this page 2. The examination consists of 20 questions 3. Please circle the number responding to the answer you choose, unless otherwise indicated 4. You may consult the Zurich Active PDS during this exam 5. The pass rate has been set at 80%. Office use only Total marks available 20 Total marks obtained 1 October 2016 Zurich Australia Limited AWAS of 5

2 Question 1 What is a Progressive Condition? a) any condition or procedure that is directly or indirectly related to the same underlying condition, medical cause or pathology as a prior claim b) any condition, whether related or not, that occurs under Zurich Active c) a medical condition that was not disclosed in the application d) a modern disease Question 2 What amount is payable for a Progressive Condition? a) the difference between the benefit category applicable to the current Health Event and the highest benefit category previously paid for the Progressive Condition(s), capped at the Remaining Amount of Cover b) always the full amount of cover c) two times the amount of cover d) no benefit is ever payable for a Progressive Condition Question 3 What is the percentage payment for benefit category B? a) 100% b) 65% c) 40% d) 20% Question 4 How long does the Limited Claim Period last? a) 14 days b) 90 days c) 12 months d) 10 years Question 5 What amount is payable for a claim that falls within the Limited Claim Period? a) any amounts already paid during the current Limited Claim Period will be deducted from the payment for the current claim (excluding claims due to accident) b) always the full amount of cover c) two times the amount of cover d) no, benefit is ever payable for a claim that falls within a Limited Claim Period 1 October 2016 Zurich Australia Limited AWAS of 5

3 Question 6 The Claim Protector feature protects 25% of the Initial Amount of Cover for which benefits? a) death only b) Health Events only c) death and Health Events d) Income Cover Question 7 If a policy provides $1 million of Zurich Active cover, what is the maximum amount that could be claimed under this policy for Health Events with the Claim Protector feature? a) $1 million b) $2 million, provided there are at least 3 claims c) $6.6 million, provided one of the claims falls within benefit category A d) $10 million Question 8 What is the maximum amount of cover that can be applied for under Zurich Active (not including additional death cover)? a) $200,000 b) $2 million c) $4 million d) $10 million Question 9 In regard to the Health Event angioplasty, which of the following is not correct? a) it falls within benefit category E for which 5% is payable b) any benefit payable will be reduced by claims paid under Income Cover c) the maximum amount payable per claim is $40,000 d) it falls under the Body system of Heart and Artery Question 10 What is the minimum number of hours per week that must be worked to be eligible to apply for Zurich Active cover? a) there is no requirement to be working a certain number of hours b) 20 hours c) 30 hours d) A combination of TPD and enhanced trauma 1 October 2016 Zurich Australia Limited AWAS of 5

4 Question 11 Which of the following superannuation ownership structures is available under Zurich Active? a) all cover held under superannuation ownership b) cover split across two policies under the superannuation optimiser structure c) cover cannot be held within superannuation d) only death cover can be held within superannuation Question 12 Which of the following is not an inbuilt feature of Zurich Active? a) Future Increases b) Financial Planning c) Claim Protector d) Spouse Cover Question 13 Under Income Cover, the Booster option: a) pays the benefit during the waiting period if disability is the result of an accident b) increases the monthly benefit by 1/3 for two years if the insured meets benefit category A c) allows up to 100% of superannuation contributions to be insured d) is a package of additional benefits and features, such as the accommodation and bed confinement benefits Question 14 How long is the cooling-off period under Zurich Active? a) 7 days b) 14 days c) 21 days d) 30 days Question 15 The client s duty of disclosure remains in place until: a) the date the application form is give to the adviser b) the date the application form is signed c) the date that any additional blood tests and medical information is provided to Zurich d) the date that Zurich accepts or declines an application for insurance cover 1 October 2016 Zurich Australia Limited AWAS of 5

5 Question 16 The Indexation Increases feature of Zurich Active Cover increases cover by the indexation rate for Health Events on each cover anniversary before age 65. What is the indexation rate? a) The increase in the consumer price index (CPI) b) CPI, subject to a minimum of 3 per cent c) 7.5 per cent, regardless of the increase in CPI d) CPI, subject to maximum of 10 per cent Question 17 Which of the following is not correct in relation to the staged benefits that are payable for Health Events? a) the amount payable is based on the severity of the condition b) the benefit payable ranges from 0 to 100% based on the relevant percentage of the benefit category c) definitions based on severity of the health event aim to provide benefits relative to financial impact of the event d) a partial payment is only ever made, regardless of the health event that occurs Question 18 What is the maximum amount of cover available per child under Child Cover? a) $100,000 b) $200,000 c) $250,000 d) $500,000 Question 19 What are the benefit periods available under Income Cover? a) 1 year, 2 years and to age 60 b) 1 year, 5 years and to age 65 c) 2 years, 5 years and to age 100 d) 2 years, 5 years, to age 65 and to age 70 Question 20 The Extended Care option under Zurich Active pays an additional benefit amount if the insured person suffers: a) a category A Health Event that meets 4 of 6 ADLs or 60% whole person impairment b) a category A or B Health Event that meets 4 of 6 ADLs or 60% whole person impairment c) a category A Health Event that meets 4 of 6 ADLs d) a category A or B Health Event that meets 2 of 6 ADLs or cognitive impairment 1 October 2016 Zurich Australia Limited AWAS of 5