Unit Standard 114956: Assignment Outcome 1

Time limit: 0

Quiz Summary

0 of 16 Questions completed

Questions:

Information

I have not committed plagiarism during the compilation of the assignment.	Yes No You must fill out this field.
The work submitted in this assignment is my own authentic work.	Yes No You must fill out this field.
Where I have used information from other sources, I have referenced it.	Yes No You must fill out this field.
I understand the assessment plan and assessment process.	Yes No You must fill out this field.
I am aware of the remediation/reassessment procedures.	Yes No You must fill out this field.
I am aware of the appeals process.	Yes No You must fill out this field.
Any special needs have been declared to the provider.	Yes No You must fill out this field.
Is the content of the study guide clear, relevant and useful?	Yes No You must fill out this field.
Did you understand what was required in the assignment?	Yes No You must fill out this field.
Did the assessment relate to the unit standard?	Yes No You must fill out this field.
Where you able to access help if you needed it?	Yes No You must fill out this field.
How did you cope with the unit standard?	You must fill out this field.
How did you find the difficulty of the content	You must fill out this field.
How did you find the difficulty of the content	You must fill out this field.
Do you have any additional comments?	You must fill out this field.

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 16 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

Hi

Thank you so much for submitting your assignment for $quizname. Your assignment will be assessed once you have completed all assignments within a Unit Standard.

You will receive your results within 10 business days of submitting the last assignment within a Unit Standard.

The mark for the assignment will display as zero until it has been graded by the Assessor. Should you have any queries in this regard, please contact the Qualifications Administrator [email protected]

Wishing you a fabulous day! The CLC Team
Hi
You assignment for $quizname has been graded.

Number of of marks: $points
Result in Percentage: $result

it is your right to appeal if you are not happy with the outcome of an assessment.

Should you have any queries in this regard, please contact the Qualifications Administrator [email protected]

Wishing you a fabulous day!
The CLC Team

Current
Review
Answered
Correct
Incorrect

Question 1 of 16

1. Question
1 point(s)
8.1.1.1 Discuss the advantages and disadvantages of having funeral insurance by completing the table below. Discuss two of each.
Advantages Disadvantages

Advantages

Disadvantages
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.
Question 2 of 16

2. Question
1 point(s)
8.1.2.1 Explain the tax benefits of having funeral insurance.
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.
Question 3 of 16

3. Question
1 point(s)
8.1.3.1 How does the FAIS Act influence marketing of funeral insurance products? Explain the impact this Act has on intermediaries.
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.
Question 4 of 16

4. Question
1 point(s)
8.1.4.1 Why do funeral policies have a waiting period? Which exceptions exist, if any?
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.
Question 5 of 16

5. Question
1 point(s)
8.1.5.1 Name any 5 immediate costs that one has to concern oneself with following death in the family?
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.
Question 6 of 16

6. Question
1 point(s)
8.1.6.1 Use the annexures provided and compare the benefits offered by Hollard to those offered by Sanlam funeral cover.

Use your findings to complete the table below:

Hollard

Sanlam

Cover

Benefits

Claims

Funeral support

Table 3
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.
Question 7 of 16

7. Question
1 point(s)
8.1.7.1 What role do burial societies play in the community? Also list one benefit of belonging to a burial society.
Correct

Incorrect
Question 8 of 16

8. Question
1 point(s)
8.1.8.1 What impact does not have funeral cover have on the remaining family members?
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.
Question 9 of 16

9. Question
1 point(s)
8.1.9.1 Provide a comparison of the benefits offered by burial societies against funeral polices by completing the following table.

Burial society

Funeral policy

Costs – payment of premiums

Provision of emotional support

Composition of members

Table 3
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.

Question 10 of 16

10. Question

1 point(s)

8.1.10.1 Explain why the premium for funeral policies increases according to age groups.

8.1.10.1 Use a graph to illustrate the concept of life expectation.

MALES:

Figure 1

Mark allocation: 1 mark for heading, 1 mark for y axis label, 1 mark for x axis label, 2 marks for correct graph.

Please note learner could use any kind of graph as question does not specify. Example of answer above is a line graph

FEMALES:

Figure 2

This response will be reviewed and graded after submission.

Grading can be reviewed and adjusted.

Question 11 of 16

11. Question

1 point(s)

8.1.11.1 Jane and Terry are aged 35. They have two children aged 11 and 9. Calculate the amount of premium they should pay to cover the whole family for R10 000 per person using the table below:

Age Bracket of member	R 5 000 Cover	R 10 000Cover
1 to 15 years next birthday	R3.75	R7.10
16 to 25 years next birthday	R5.50	R10.45
26 to 40 years next birthday	R17.95	R34.10
41 to 50 years next birthday	R19.65	R37.35
51 to 60 years next birthday	R21.90	R41.60
61 to 65 years next birthday	R24.15	R45.90
66 to 70 years next birthday	R31.45	R59.75
71 to 75 years next birthday	R46.20	R87.80

8.1.11.2 Jane also wants you to add her parents who are aged 60 and 70 years old. How much additional premium will they have to pay for Jane’s parents?

This response will be reviewed and graded after submission.

Grading can be reviewed and adjusted.

Question 12 of 16

12. Question
1 point(s)
8.1.12.1 What are the consequences of not following the correct procedure when a family member passes away?
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.

Question 13 of 16

13. Question

1 point(s)

8.1.13.1 Categorise the following individuals as high, medium or low risk. Write your choice in the last column as either High, Medium or Low Risk.

Age	Gender	Lifestyle	Health	Risk
Below 25	Female	Heavy Smoker	Pre-existing chronic medical conditions: Diabetic
		High alcohol consumption
		Hobbies: Skydiving

Between 25 and 64	Male	Non-smoker	No life-threatening conditions
		No alcohol
		Exercises, no dangerous hobbies

Above 65	Female	Non-smoker	No pre-existing medical conditions
		Non-drinker
		Exercises frequently

Table 5

This response will be reviewed and graded after submission.

Grading can be reviewed and adjusted.

Question 14 of 16

14. Question
1 point(s)
8.1.14.1 What other funeral funding options does a potential client have besides a funeral policy?
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.
Question 15 of 16

15. Question
1 point(s)
8.1.15.1 List 2 types of questions with an example of each type that you would ask a potential customer for funeral insurance, with regards to his/her profile.
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.
Question 16 of 16

16. Question
1 point(s)
8.1.16.1 Why, in your opinion, does an insurance company pay out more for the death of an adult, than for the death of a child?
- This response will be reviewed and graded after submission.
Grading can be reviewed and adjusted.

Grading can be reviewed and adjusted.

	Hollard	Sanlam
Cover
Benefits
Claims
Funeral support

	Burial society	Funeral policy
Costs – payment of premiums
Provision of emotional support
Composition of members

Advantages	Disadvantages