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Question 1 of 5
1. Question
Which of the following should a policyowner considering the sale of a life insurance policy in the secondary market do?
I. Consider beneficiaries’ possible future needs for funds
II. Discuss his or her life expectancy with a physician
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Question 2 of 5
2. Question
Which of the following documents is NOT normally required to obtain an offer from a life settlement company?
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Question 3 of 5
3. Question
What is the purpose of a settlement provider’s review following submission of an application for a viatical settlement?
I. To determine the financial viability of purchasing the policy
II. To ensure fraud is not involved in the transaction
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Question 4 of 5
4. Question
By what is the potential life settlement amount normally reduced?
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Question 5 of 5
5. Question
What is the length of the period following receipt of viatical settlement proceeds during which a viator may rescind the transaction according to the NAIC Viatical Settlements Model Act?
