The correct answer is D. Death claim may be paid to the nominee in a WWP Policy.
A. In a MWP Act policy claim moneys can be paid to a near relative of the assured. This is not always the case. The policy may specify that the claim moneys must be paid to the named beneficiary, or to the assured’s estate.
B. Policy claim moneys can be paid to the assured in a maturity claim. This is correct. The assured is the person who owns the policy, and they are entitled to the claim moneys when the policy matures.
C. Policy claim money can be paid only to the named trustee as the policy is a separate trust. This is not always the case. The policy may specify that the claim moneys must be paid to the named beneficiary, or to the assured’s estate.
D. Death claim may be paid to the nominee in a WWP Policy. This is correct. A WWP Policy is a whole life policy with profits, and the nominee is the person who is named to receive the claim moneys in the event of the assured’s death.