What financial support would Linda most likely receive after Keith's death?

Prepare for the CII Certificate in Insurance - Financial Protection (R05) Exam. Use engaging flashcards and multiple-choice questions with detailed explanations and hints. Ace your exam now!

The correct answer indicates that Linda would most likely receive a lump sum of £3,500 and a monthly income for 18 months after Keith's death. This option typically aligns with the provisions found in various life insurance policies or statutory benefits designed to provide financial support to dependents in the event of a death.

When a policyholder passes away, the beneficiaries may receive a lump sum payment which serves to cover immediate financial needs, funeral expenses, or any outstanding debts of the deceased. Additionally, a monthly income for a specified period—such as 18 months—can help ensure that the surviving family member has ongoing financial support to address their living expenses and maintain a stable standard of living during a challenging time.

In many instances, financial protection products cater to these very needs, offering a combination of one-off payments and ongoing support. This holistic approach is essential for helping dependents transition through the financial implications of losing a loved one, particularly when that loved one was a primary contributor to household income.

The other options, while appearing plausible at first glance, do not provide an adequate level of financial support that one would typically expect based on industry standards surrounding life insurance payouts and benefits for dependents.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy