Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following Tonys untimely death, the executor of his estate initiates the claim for his life insurance benefit and provides adequate evidence to the insurer that

Following Tonys untimely death, the executor of his estate initiates the claim for his life insurance benefit and provides adequate evidence to the insurer that the claim is payable. However, the beneficiaries of the policy dispute one anothers claim to the benefit and take the case to the courts. Which of the following CORRECTLY describes how the insurer may proceed?
a) The insurance company may pay the benefits into court.
b) The insurance company may pay the benefit within 60 days.
c) The insurance company may deny the claim based on the beneficiary dispute.
d) The insurance company may pay the benefit to the executor who will determine the rightful beneficiary.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Quantitative Finance And Risk Management

Authors: Cheng-Few Lee, John Lee

2010th Edition

0387771166, 978-0387771168

More Books

Students also viewed these Finance questions