The claimant may be which of the following?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $25.99Unlock all

Prepare for the Canada HLLQP Ethics Exam with comprehensive quizzes. Utilize flashcards and multiple-choice questions, supported by hints and explanations. Enhance your readiness and confidence!

Multiple Choice

The claimant may be which of the following?

Explanation:
In life insurance, the claimant is the person or entity entitled to receive the policy’s death benefit after a claim is filed. The claimant may be the insured, the insured's estate, or one or more designated beneficiaries named in the policy. An employer is not typically a claimant, since the proceeds go to the beneficiary or the estate, not to the employer. If no named beneficiary survives, the claim may go to the insured's estate; if there are surviving beneficiaries, they file the claim to receive the proceeds.

In life insurance, the claimant is the person or entity entitled to receive the policy’s death benefit after a claim is filed. The claimant may be the insured, the insured's estate, or one or more designated beneficiaries named in the policy. An employer is not typically a claimant, since the proceeds go to the beneficiary or the estate, not to the employer. If no named beneficiary survives, the claim may go to the insured's estate; if there are surviving beneficiaries, they file the claim to receive the proceeds.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy