Describe the Purpose of Assignment.
A) To Transfer the Rights of the Policy.
B) To Appoint a Person, to Receive the Policy- Monies, in the Event of the Life-Assured's Death.
C) To Surrender the Policy.
D) To Create an Estate.
Correct Answer:
Verified
Q1: Explain the Concept of Surrender-Value.
A)Maximum Compensation, Available
Q2: How Many Persons, can be nominated under
Q3: Describe the Purpose of Nomination.
A)To Transfer the
Q5: Illustrate the Process involved in Ordinary Revival
Q6: Which One of the Following Documents, is
Q7: Which One of the Following Statements, is
Q8: Who among the Following Individuals, are considered
Q9: Who among the Following, is Likely to
Q10: Who among the Following, is Likely to
Q11: --- implies that if the Life-Assured dies
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents