n NISM Certifications
NSM General NISM
Medium

Under what circumstances is insurance safe from creditors’ claims?

Practice question from IC 38 Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    When the policy is surrendered for cash

  2. In the event of the insured’s bankruptcy or death

    Correct answer

  3. C

    When the policy is not converted into cash

  4. D

    When the policy has a low cash value

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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IC 38 Mock Test 6