Early claim
Non-early claim
Both A & B
None of the above
Answer is Right!
Answer is Wrong!
The correct answer is A. Early claim.
A death claim is a claim made by a beneficiary of a life insurance policy after the insured person has died. The claim is usually made to the life insurance company, which will then pay out the death benefit to the beneficiary.
An early claim is a claim made before the insured person reaches the age of 65. Early claims are usually subject to higher fees and penalties than non-early claims.
A non-early claim is a claim made after the insured person reaches the age of 65. Non-early claims are usually subject to lower fees and penalties than early claims.
D. None of the above is not the correct answer because it does not include any of the possible options.