Titan completes a $300,000 life insurance application form with his insurance agent Esther. Esther informs him that the insurer will request an attending physicians' statement (APS). Titan inquires about the purpose of an APS. Which of the following is Titan's CORRECT response? Select one correct answer from the list 1. An APS is needed to obtain a summary of Titan's medical history. 2 An APS is needed to obtain a summary of Titan's family medical history. 3. 4. An APS is needed to obtain more information about Titan's lifestyle. An APS is needed to find out why Titan's driver's license was suspended. 000 0 Alicia, a human resources specialist at RioTech, has been offered a more challenging and better paying position at Mirage Inc. She has $100,000 of convertible group life through RioTech's group insurance plan. Alicia needs the insurance to cover final expenses and pay off her debts. Mirage Inc. does not offer its employees group life insurance coverage. Alicia suffers from health issues that make it problematic for her to purchase an individual life insurance policy. She meets with her group insurance agent Dimitry to ask for his advice about what she should do about her insurance needs. What should Dimitry advise Alicia to do? Select one correct answer from the list 1 Purchase a $100,000 policy from Dimitry. 2. Ask RioTech if she can remain on their group plan. 3. Convert the $100,000 group benefit to an individual plan. 4. Implement a group life insurance plan at Mirage Inc. O O O O
Titan completes a $300,000 life insurance application form with his insurance agent Esther. Esther informs him that the insurer will request an attending physicians' statement (APS). Titan inquires about the purpose of an APS. Which of the following is Titan's CORRECT response? Select one correct answer from the list 1. An APS is needed to obtain a summary of Titan's medical history. 2 An APS is needed to obtain a summary of Titan's family medical history. 3. 4. An APS is needed to obtain more information about Titan's lifestyle. An APS is needed to find out why Titan's driver's license was suspended. 000 0 Alicia, a human resources specialist at RioTech, has been offered a more challenging and better paying position at Mirage Inc. She has $100,000 of convertible group life through RioTech's group insurance plan. Alicia needs the insurance to cover final expenses and pay off her debts. Mirage Inc. does not offer its employees group life insurance coverage. Alicia suffers from health issues that make it problematic for her to purchase an individual life insurance policy. She meets with her group insurance agent Dimitry to ask for his advice about what she should do about her insurance needs. What should Dimitry advise Alicia to do? Select one correct answer from the list 1 Purchase a $100,000 policy from Dimitry. 2. Ask RioTech if she can remain on their group plan. 3. Convert the $100,000 group benefit to an individual plan. 4. Implement a group life insurance plan at Mirage Inc. O O O O
Chapter20: Income Taxation Of Trusts And Estates
Section: Chapter Questions
Problem 34P
Related questions
Question
Transcribed Image Text:Titan completes a $300,000 life insurance application form with his insurance agent Esther. Esther
informs him that the insurer will request an attending physicians' statement (APS). Titan inquires about
the purpose of an APS.
Which of the following is Titan's CORRECT response?
Select one correct answer from the list
1. An APS is needed to obtain a summary of Titan's medical history.
2 An APS is needed to obtain a summary of Titan's family medical history.
3.
4.
An APS is needed to obtain more information about Titan's lifestyle.
An APS is needed to find out why Titan's driver's license was suspended.
000 0
Transcribed Image Text:Alicia, a human resources specialist at RioTech, has been offered a more challenging and better paying
position at Mirage Inc. She has $100,000 of convertible group life through RioTech's group insurance
plan. Alicia needs the insurance to cover final expenses and pay off her debts. Mirage Inc. does not
offer its employees group life insurance coverage. Alicia suffers from health issues that make it
problematic for her to purchase an individual life insurance policy. She meets with her group insurance
agent Dimitry to ask for his advice about what she should do about her insurance needs. What should
Dimitry advise Alicia to do?
Select one correct answer from the list
1 Purchase a $100,000 policy from Dimitry.
2.
Ask RioTech if she can remain on their group plan.
3. Convert the $100,000 group benefit to an individual plan.
4. Implement a group life insurance plan at Mirage Inc.
O O O O
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