1.
a long term investment and tax-effective way of saving for retirement
2.
contributions made before income tax
3.
general increase in price and fall in purchasing value of money
4.
Someone who is qualified to receive a benefit from a trust, will or life insurance policy
5.
This process involves submitting and following up an application(s) in order to initiate the client’s recommended products
6.
an Income stream that makes regular income payments
7.
a practice or arrangement by which a company provides the money you need for a specified loss, illness or death in return for payment of a premium.
8.
evaluation of the risk and exposures of potential clients
9.
Retirement benefit depends on how much money was put in
10.
transferring super to pension account
11.
insurance cover that is never taken inside super
12.
premium increases each year in line with age
13.
Benefit is based on the income when you made the claim
15.
A pension account there is a limit as to how much you can withdraw because you are still at your preservation age
16.
the person who will continually receive the pension after the member’s death
17.
a nomination wherein the trustee or fund provider must pay the benefit as nominated
18.
fee received by the financial adviser for providing a financial advice
19.
Helps individuals or organizations meet long-term financial objectives.
21.
a combination of stepped and level premiums
22.
a multiplier applied to the insurance policy to cover losses from insuring a high risk client
23.
something that is specifically not covered under the insurance policy
24.
price charged by the insurance company
25.
an estimate of the prices for your covers
26.
Involves a fact finding interview that intends to gather comprehensive financial and non-financial information.
27.
A very long comprehensive questionnaire
28.
risk appetite or attitude towards investments
