Chapter 4 - Life Assurance

Question 1

What is an advantage of setting up a life policy written under trust?

Answer 1

It avoids probate.

Question 2

A key feature of tele-underwriting is that it:

Answer 2

Allows application forms to be shorter

Question 3

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:

Answer 3

2024 (7 years later)