All the following statements regarding survivor financial needs are correct EXCEPT?

Are you looking for the correct answer to the question “All the following statements regarding survivor financial needs are correct EXCEPT?”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.

All the following statements regarding survivor financial needs are correct EXCEPT?

A) The term dependency period refers to the 20-year period immediately following the insured’s death during which the widowed spouse must depend on Social Security.

B) A final expense fund addresses a deceased breadwinner’s last illness and funeral costs, death taxes, outstanding debts, and more.

C) A housing fund addresses a family’s rental or home mortgage needs.

D) The period for which there are no Social Security benefits for the surviving spouse is known as the blackout period.

Answer: A) The term dependency period refers to the 20-year period immediately following the insured’s death during which the widowed spouse must depend on Social Security.

The above question All the following statements regarding survivor financial needs are correct EXCEPT?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.

Leave a Reply 0

Your email address will not be published. Required fields are marked *