If Aoife dies today, to whom would the proceeds of her Pension Term Assurance policy be paid?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $25.99Unlock all

Prepare for the QFA Pensions Exam 1. Use flashcards and multiple choice questions with detailed explanations. Secure your success with our comprehensive study tools!

Multiple Choice

If Aoife dies today, to whom would the proceeds of her Pension Term Assurance policy be paid?

Explanation:
The key idea is how death benefits from a Pension Term Assurance policy are paid. If there is no valid nomination in the policy, the proceeds become part of Aoife’s estate and are paid to her executors to be distributed under her will (or intestacy rules). That makes the Estate the correct answer. A nominated beneficiary would receive the payout directly only if Aoife had explicitly named one and the nomination was effective. The other options describe outcomes that require a specific arrangement beyond the default setup.

The key idea is how death benefits from a Pension Term Assurance policy are paid. If there is no valid nomination in the policy, the proceeds become part of Aoife’s estate and are paid to her executors to be distributed under her will (or intestacy rules). That makes the Estate the correct answer. A nominated beneficiary would receive the payout directly only if Aoife had explicitly named one and the nomination was effective. The other options describe outcomes that require a specific arrangement beyond the default setup.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy