SCI CLUS01 Practice Questions - SCI CLUS01 Individual Life Insurance Examination Exam

Decreasing term life insurance is most commonly used in Singapore to:

Cover a reducing mortgage or loan balance where the sum assured falls as debt is repaid Fund children's university education over 20 years Provide lifetime estate planning liquidity Accumulate cash value for retirement income

Correct Answer:

Cover a reducing mortgage or loan balance where the sum assured falls as debt is repaid

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