Fifteen years ago Sam, a life insurance agent, sold his good friend Tanya a twenty year term life insurance policy in which she was both the policy holder and the life insured. Tanya designated her best friend Julia as beneficiary. Tanya died, and the insurance company received notice of her death from her executor. Given this scenario, what was the next step in this process? Select onet a. Julia had to contact the insurer to requesta claim form b. Sam contacted the insurer to request the notice of death c. The insurer contacted Sam to help Julia complete the claim form d. The insurer notified Julia so that she could complete the claim form
Fifteen years ago Sam, a life insurance agent, sold his good friend Tanya a twenty year term life insurance policy in which she was both the policy holder and the life insured. Tanya designated her best friend Julia as beneficiary. Tanya died, and the insurance company received notice of her death from her executor. Given this scenario, what was the next step in this process? Select onet a. Julia had to contact the insurer to requesta claim form b. Sam contacted the insurer to request the notice of death c. The insurer contacted Sam to help Julia complete the claim form d. The insurer notified Julia so that she could complete the claim form
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Fifteen years ago Sam, a life insurance agent, sold his good friend Tanya a twenty year term life insurance policy in which she was both the policy holder and the life insured. Tanya designated her best friend Julia as beneficiary. Tanya died, and the insurance company received notice of her death from her executor. Given this scenario, what was the next step in this process?
Select onet
a. Julia had to contact the insurer to requesta claim form
b. Sam contacted the insurer to request the notice of death
c. The insurer contacted Sam to help Julia complete the claim form
d. The insurer notified Julia so that she could complete the claim form
Transcribed Image Text:Fifteen years ago Sam, a life insurance agent, sold his
good friend Tanya a twenty year term life insurance
policy in which she was both the policy holder and the
life insured. Tanya designated her best friend Julia as
beneficiary. Tanya died, and the insurance company
received notice of her death from her executor. Given
this scenario, what was the next step in this process?
Select onet a. Julia had to contact the insurer to
request a claim form b. Sam contacted the insurer to
request the notice of death c. The insurer contacted
Sam to help Julia complete the claim form d. The
insurer notified Julia so that she could complete the
claim form
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