after a life insurance policy has been in force for 5 years the insured dies. during the claims process, the insurer discovers that the insured did not disclose material health information that had it known, would have caused the application to be rejected. what can the insurer do at this point in time?

Respuesta :

The only thing the insurance company can do at this time pays the policy's death benefit to the designated beneficiary.

Is the beneficiary of a policy paid when the insured passes away?

The selected beneficiary will get the death benefit when the policy owner passes away, thanks to the life insurance company. If no nominated beneficiary is present, the death benefit will be given to the deceased's estate. Normally, the death benefit is handed out within 30 days of receiving death certificate documentation.

Who is the beneficiary of a life insurance policy's death benefit?

Although you can theoretically select anybody or any organization as a beneficiary, the beneficiaries of a life insurance death benefit are typically your partner, children, or other close family members. You will specify how much of the death benefit each beneficiary should get when naming more than one beneficiary.

Learn more about life insurance death benefit: https://brainly.com/question/27516307

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