Beau is a licensed life insurance agent and he comes across the death notification of one of
Question:
Beau is a licensed life insurance agent and he comes across the death notification of one of his clients, Victor. Beau sold Victor a life insurance policy that named his daughter, Tessa, as the beneficiary. Which of the following statements concerning Beau's responsibility in the claims process is CORRECT?
A. Beau is responsible for confirming that the policy was in force at the time of death.
B. Beau should not contact Tessa to initiate the claim under privacy requirements.
C. Beau should inform Tessa that Victor's estate will be considered the claimant for his policy.
D. Beau 's role to facilitate the claims process by providing forms and assisting in their completion.
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold