Answered step by step
Verified Expert Solution
Question
1 Approved Answer
thank you just beed help with last two thank you AGENT: We need to discuss a few things before finalizing your policy. First, the beneficiary
thank you
just beed help with last two
AGENT: We need to discuss a few things before finalizing your policy. First, the beneficiary clause. Who would you like to name as your primary beneficiary, that is, the person who will receive the entire death benefit CLIENT: That would be my wife, Susan. AGENT: Okay, and if she does not outlive you, all benefits will go to your secondary beneficiaries. Who will those be? CLIENT: My children AGENT: Excellent. Now, how would you like your benefits to be distributed? We offer lump sum, interest-only, fixed period, nixed-amount, and life-income payments CLIENT: Well, I'd like my beneficiaries to receive regular payments until the policy runs out alth AGENT: In that case, I recommend a lump sum settlement option CLIENTI What if I want to change my policy without cancelling it? AGENT: This is possible given that your contract includes a change of policy provision CLIENT: Got it. Anything else? AGENT: You're all set! the entire death benefit BENT: That would be my wife, Susan RENT: Okay, and if she does not outlive you, all benefits will go to your secondary benen CLIENT: My children AGENT: Excelent. Now, how would you like your benefits to be distributed? We offer lump sum, interd lite-income payments CLIENT: Well, I'd like my beneficiaries to receive regular payments until the policy runs out. AGENT: In that case, I recommend lumpsum settlement option life income CLIENT: What if I want to change afwes-period ng 2 Lecludes a change of policy provision anterest-only AGENT: This is possible, given to a five amount CLIENTI Got it. Anything else? alus AGENT: You're all seti Grade E & 3 5 6 7 8 E R. U D G H Depencary, that is the person who w receive the entire death benefit TENT. That would be my wife, Susan ESENT: Okay, and if she does not outfive you, all benefits will go to your secondary beneficiaries LIENT: My children. AGENT: Excellent. Now, how would you like your benefits to be distributed? We offer lump sum, interest-on fe-income payments CLIENT: Well, I'd like my beneficiaries to receive regular payments until the poter runs out AGENT: In that case, I recommend Seement option CLIENT: What if I want to change my policy without canceling it? AGENTI. This is possible, given that your contract includes a change-of-polly provision CLIENY: That's fine this feature of the ance contracts. This is possible, given that your contract includes a change of policy provision AGENTI You cannot switch policies, but you can canced up for a new one. Grade It Now BE - & 7 3 4 5 E R . D. G thank you
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started