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IFSE Institute Life License Qualification Program LLQP Question # 95 Topic 10 Discussion

LLQP Exam Topic 10 Question 95 Discussion:
Question #: 95
Topic #: 10

Jenny purchased a whole life insurance policy 10 years ago. She was recently diagnosed with a terminal illness and the doctor told her she got an estimated life span of 12 months. She would like to spend the rest of her time with family doing vacation across the world. She brought Ellen, her daughter and also her beneficiary to the life insurance agent and wants to find out about the claims process.

What does Ellen need to know regarding the claims process in this situation?


A.

No coverage is available when the death occurs outside of Canada.


B.

Claims form must be submitted to agent directly for processing.


C.

Completed claim form and proof of death are required to initiate claim process.


D.

The filing of life insurance claim must happen within 10 years after insured's death.


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