1 Two product layers, one client decision
Identify which layer creates the risk, who bears it and whether it suits the client.
Policy layer and investment layer
- An investment-linked product remains a long-term insurance contract; the customer does not directly own the related fund. Definition
- Market, credit, rate, currency, liquidity and concentration risk must be linked to the investment option. Exam
- Investment value can rise or fall; non-guaranteed performance is not an insurer promise. Trap
兩層分類
Tag the error as policy-layer or investment-layer before repairing the concept.
Charges, suitability and disclosure
- Charges may come from premium, policy account, fund assets or surrender proceeds; the deduction point determines the impact. Numbers
- Risk willingness differs from loss-bearing capacity; willingness does not prove capacity for a severe short-term loss. Compare
- Term, liquidity, charges, non-guaranteed elements and recommendation rationale should be clearly disclosed. Exam
現金流
Draw the cash flow: payment, charges, investment, value change, surrender or claim.
