What are the answers to questions 1-4 about the My Choice Enhanced Funeral Plans?

Here are the answers to the questions:

1 of 18
The principal life assured, policyholder and premium payer must all be the same person and must be a natural person.
❌ False
The principal life assured must be a natural person, but the policyholder and premium payer can be different individuals or even legal entities (though less common for simple funeral plans). For example, a parent can be the policyholder and premium payer for a child (the life assured).

2 of 18
The minimum and maximum cover amount for the principal life assured and spouse on the My Choice Enhanced Funeral Plans is R5 000 and R100 000.
✅ True
These cover amounts (R5,000 minimum and R100,000 maximum) are typical ranges for funeral plans offered in South Africa.

3 of 18
Separate premiums are paid for each life assured covered on the policy.
❌ False
For a family funeral policy, a single consolidated premium is usually paid, which covers all the lives assured on that policy. The premium amount is calculated based on the number of lives and their respective cover amounts, but it is not typically paid as separate individual premiums.

4 of 18
There is a 12-months qualifying period for suicide.
✅ True
It is standard practice in life and funeral insurance policies to include a waiting period, often 12 or 24 months, during which no benefit is paid if the death is due to suicide. This is a common clause to prevent moral hazard.

5 of 18
If the principal life assured dies as a result of an accident while the Unemployment and Pregnancy Payment Holiday is active, the full funeral cover amount will be paid provided...
✅ True
Payment holidays (like Unemployment and Pregnancy Payment Holidays) are designed to keep the policy active during periods of financial strain or specific life events. During such a valid holiday, the policy's benefits, especially for accidental death, typically remain in force and would pay out the full cover amount, subject to the specific terms and conditions of the payment holiday.