Beneficiaries - Study guides, Class notes & Summaries

Chapter 5 Life Insurance Premiums, Proceeds, and Beneficiaries Who is the beneficiary in a life insurance policy? - correct answer The stated person or entity who is designated to receive the death proceeds When a policy loan is requested by a policyowner and it requires the consent of the beneficiary, what kind of beneficiary designation is this? - correct answer Irrevocable beneficiary The beneficiary of a life insurance policy is normally selected by whom? - correct answer Policyowner ...

LML4804 Assignment 3 Semester 2 2024 | Due 25 September 2024. All questions answered.  Question 1 (CAPITAL GAINS TAX) Ms. Kru, a South African resident worked for O Insure (Pty) Ltd (“O Insure”) as a specialist for 15 years. As a result of the Covid-19 pandemic that hit the world, O Insure decided to retrench her team including Ms. Kru. She was given a severance package of R5 million. Ms. Kru is married in community of property to Lolo and they stay in Blue Halley, Pretoria They bo...

LRM3701 October/November 2024 | Due 31 October 2024. Read the case study in this link, and argue whether or not these employees have participated in a strike action. 2. NEGOTIATIONS (5 MARKS) Read the following case study and answer the question that follows. Underground sit-in at Sibanye’s Kroondal platinum mine ends as workers return to surface TimesLIVE reports that the illegal underground sit-in by employees at Sibanye-Stillwater’s Kroondal mine ended on Wednesday afternoon with a...

Over the course of a year, which premium payment mode is most expensive? Monthly Quarterly Semi-Annually Annually -:- Monthly Sharon is the policyowner of a $50,000 life insurance policy. Her son, Mike, is the beneficiary. If Sharon MUST obtain Mike's signature in order to change the beneficiary, what kind of beneficiary designation is this? Tertiary 2 0 2 4 / 2 0 2 5 | © copyright | This work may not be copied for profit gain | Excel! 2 | P a g e | G r a d e A + | 2 0 2 4 / 2 0 ...

NJ Life Producer Exam Study Life Insurance Questions and Answers 100% Pass An insurer must renew a renewable term policy at the policyowner's request regardless of the insurability status of the insured. Renewable Term Life Insurance The settlement option that provides for payments to be made in regular installments to a beneficiary until the principal and interest are exhausted best describes: Fixed-amount What hours of operation is a branch office required to have? Must give pu...

LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed Under which situation must insurable interest exist between the applicant and insured at the time of application? When a third-party applicant names themselves beneficiary. Which of the following is true about a decreasing term life policy? The face amount reaches zero at policy expiration. Which of the following occurs immediately after the application is submitted and the initial premium paid?...

WI Life Insurance Exam Questions and Answers Already Passed What is the purpose of the Wisconsin State Life Insurance Fund? a) to offer low-cost life insurance to state residents b) To protect insured against insolvent insurers c) To advertise different types of life insurance policies available in the state d) To provide life insurance through licensed intermediaries a An employee is insured under her employer's group life plan. If she terminates her group coverage, which of th...

CSPR - Certified Specialist Payment Rep (HFMA) Exam (Latest 2024) Questions & Verified Answers 100% Guaranteed Grade A+ Example Question & Answer: Identify the various types of government‐sponsored health coverage: - Answer - Medicare - Government; Beneficiaries enrolled in such plans, but, participation in these plans is voluntary. Medicaid Medicaid Managed Care - Medicaid beneficiaries are required to select and enroll in a managed care plan. Medicare Managed Care (a.k.a. Medicare ...

MNO2601 ASSESSMENT 2 SEMESTER 2 2024 Choose the correct option. The beneficiaries of productivity must be: (a) the environment (b) the economy (c) society. 1. a 2. c 3. b 4. None of the above 5. a,b,c

AHIP Practice Exam Updated Questions and Answers (2024 / 2025) (Verified Answers). 1. Mr. Carlini has heard that Medicare prescription drug plans are only offered through private companies under a program known as Medicare Advantage (MA), not by the government. He likes Original Medicare and does not want to sign up for an MA product, but he also wants prescription drug coverage. What should you tell him ANS Mr. Carlini can stay with Original Medicare and also enroll in a Medicare prescription...