Identify which policies will pay out, and indicate how much will be paid, if Poh Eng were

to:

(i.) Contract a major illness?

(ii.)Pass away one year later?

Mortgage-reducing term insurance (Nominated beneficiary - NA)

$600,000 Term plan with $500,000 Critical Illness benefit (Nominated beneficiary - NA)

$70,000 5 year limited premium whole life policy (with benefit of $50,000 and nominated beneficiary is her husband and son)

Term plan - 7,305 each year

Whole life plan - $7,500 each year, cash value is $42,979.

*note that Poh Eng did not disclose her situation of having some lumps in her breast to the agent.*