Chapter 4 - Life Assurance Flashcards
1
Q
What is an advantage of setting up a life policy written under trust?
A
It avoids probate.
2
Q
A key feature of tele-underwriting is that it:
A
Allows application forms to be shorter
3
Q
Aisha disappeared in 2017 and there is no direct evidence of her death. If her husband wants to apply to the courts for a declaration of presumed death in order to claim on a policy on her life, he would generally need to wait for her to have been absent until at least:
A
2024 (7 years later)