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Test 4

1 / 9

Which one of the following types of life policy is TYPICALLY used in connection with key person assurance?

2 / 9

Which basis would be MOST suitable for a husband and wife seeking to use whole-of-life assurance to cover a likely inheritance tax liability?

3 / 9

Which one of the following statements in respect of Income Support is correct?

4 / 9

Mike is retiring from his company after 25 years. He is planning to take a cash lump sum of £30,000 and £15,000 per annum from his personal pension plan. What will the tax liability be on these benefits?

5 / 9

Which is the INCORRECT statement regarding free standing additional voluntary contributions plans (FSAVCs)?

6 / 9

Accident, sickness and unemployment policies provide benefits on which one of the following bases?

7 / 9

Which one of the following is the MOST appropriate type of life policy to support an ISA mortgage?

8 / 9

Irrespective of the type of endowment policy he chooses, Jack has been correctly advised that his policy will:

9 / 9

William and Kate have a standard variable rate mortgage which is due to be repaid by an equity based ISA. Which factor would most immediately adversely affect their monthly budgeting?

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