Reference no: EM132973341

Problem 1: Fisher is a recluse and he is found dead in his home. A life insurance policy naming A.L. Beacon as a beneficiary was found in Fisher's freezer for safekeeping. What is part of the normal claim process?

a) the insurer is required to notify A.L. Beacon of death
b) the agent is required to locate A.L. Beacon
c) the insurer may set out a time limit in which a claim must be made
d) the insurer must advertise a public notice of Fisher's death

Problem 2: Alia meets with her insurance agent, Sue, to discuss her insurance coverage needs. When Alia asks Sue about public insurance coverage, which of the following is the CORRECT response that Sue should provide to her?

a) The Canada Pension Plan (CPP) will provide Alia with temporary income support while she is in between jobs.
b) Old Age Security will provide a disability benefit to Alia if she becomes permanently and totally disabled.
c) Employment Insurance (EI) will provide financial assistance to Alia if she is unemployed and wants to upgrade her skills.
d) The Guaranteed Income Supplement (GIS) provides a modest death benefit to assist with funeral expenses.