Điều khoản hợp đồng nhân thọCâu 429 / 716
A spendthrift clause applied to policy proceeds held under a settlement option is intended to:
a.Allow the beneficiary to borrow against the proceeds freely and to pledge them to outside creditors as loan collateral
b.Protect the proceeds the insurer is holding from the beneficiary's creditors and from being spent all at once
c.Increase the total death benefit paid
d.Speed up the payment of the proceeds
Giải thích
A spendthrift clause keeps proceeds that the insurer is paying out over time out of the reach of the beneficiary's creditors and prevents the beneficiary from assigning or hastily withdrawing the entire amount, protecting an unsophisticated or vulnerable beneficiary. It does not speed up payment, increase the benefit, or allow free borrowing. The clause works only while the insurer holds the funds under an installment-type settlement option, not after a lump sum is paid.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)