Insurance

Proceeds from a life insurance policy are protected from the beneficiary’s creditors by which clause?

Naming a contingent beneficiary as “all surviving children” is described by which term?

Which of these premium payment frequencies is not typically available to a policyowner?

Worthley Insurance Company uses claim audits to ensure compliance with best practices. These audits evaluate both quantitative and qualitative factors. Which one of the following factors that Worthley evaluates is a qualitative factor?

XYZ Company has applied for group health insurance for its employees. What information would the insurer’s underwriters likely use to determine the appropriate coverage and final premium rate given to the group?