Hillary Had Purchased a Term Life Insurance Policy and Nominated

question 33

Multiple Choice

Hillary had purchased a term life insurance policy and nominated her mother as the beneficiary, while William, her colleague, had a universal life insurance with himself as the beneficiary.Hillary and William recently got married and wish to nominate each other as beneficiaries in their individual life insurance policies.In the context of the given scenario, which of the following statements is true?

• A)Hillary and William will have to purchase two new policies to nominate each other as beneficiaries.
• B)Hillary and William will have to seek an endorsement to make the requisite changes in their current individual life insurance policies.
• C)Hillary will be able to nominate William as the beneficiary, but William cannot to do so because he did not enlist a beneficiary earlier.
• D)William will have to nominate both Hillary and her mother as beneficiaries for his insurance policy because existing beneficiaries cannot be denied coverage.

Recognize the importance of specifying race or age only when relevant to the message's content.

Understand the techniques of building and maintaining goodwill in business communication.

Differentiate between appropriate and inappropriate levels of formality and politeness in business communication.

Implement positive emphasis techniques to present information in a more favorable light.

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Definitions:

Apples

A common fruit that is grown worldwide, known for its variety in colors, sizes, and flavors.

Bananas

Edible fruits, typically elongated and slightly curved, featuring a soft flesh covered by a yellow peel when ripe.

Utility Function

A mathematical representation in economics that quantifies the satisfaction or happiness that a consumer derives from consuming goods and services.

Budget Constraint

The limitations on the purchase capabilities of an individual or entity, based on their available income and the prices of goods and services.