Which of the following is not an event triggering claim?

The correct answer is D. Surrender.

A claim is a request for payment made to an insurance company by an insured person. The event that triggers a claim is called a “loss event.” Some common loss events include death, illness, injury, property damage, and theft.

Surrender is not a loss event. It is the act of giving up a policy before it expires. When you surrender a policy, you may receive a partial refund of the premiums you have paid, but you will not receive the full amount.

Here is a brief explanation of each option:

• Survival: This is an event that triggers a claim in a life insurance policy. If the insured person survives to a certain age, the beneficiary will receive the death benefit.
• Death: This is the most common event that triggers a claim in a life insurance policy. When the insured person dies, the beneficiary will receive the death benefit.
• Age: This is an event that triggers a claim in an annuity policy. If the annuitant reaches a certain age, they will begin to receive payments from the annuity.
• Surrender: This is not an event that triggers a claim. It is the act of giving up a policy before it expires. When you surrender a policy, you may receive a partial refund of the premiums you have paid, but you will not receive the full amount.