Financial Risks + Needs of Consumers are met Flashcards
(12 cards)
1
Q
Accident, Sickness and Unemployment Policies
A
Regular amount
2
Q
Home and Contents policies
A
Lump Sum
3
Q
Critical Illness Insurance
A
Lump Sum
4
Q
Medical Insurance
A
Lump Sum
5
Q
Life Assurance
A
Family income benefit or Lump
6
Q
Endowment Policies
A
Lump Sum
7
Q
Direct Investments
A
Bonds and Shares
National Savings and Investment Policies
8
Q
InDirect Investments
A
Unti trusts
OEICs - Open ended investment companies
Investment trusts
Life Co. Bonds - Diversifed exposure
9
Q
Derivatvies
A
Options
Futures
Forwards
CFDS
10
Q
Specialist investments
A
Property
Fine Wines
Antiques
Etc
Fairly illiquid
11
Q
Secured Loans
A
Mortgages
Consolidated loans type of secured - repayments lower per month payed over long period of time
12
Q
Unsecured Loans
A
Personal Loans Student Loans Overdrafts Credit Cards Store cards
