Which of the following terms is dissimilar to the other four in the context of death claims in life insurance?

Question

Question: Which of the following terms is dissimilar to the other four in the context of death claims in life insurance?

Options:

1.  Early claims
2.  Non-early claims
3.  Foreclosure
4.  Claimant’s statement
5.  Deeds of Assignment

Answer 1

3. Foreclosure

Foreclosure is dissimilar to the other four in the context of death claims in life insurance.

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More info:

Early claims are defined as claims that come within 2-3 years of policy issuance and claims that come after 2-3 years of policy issuance is called Non-early claims.

Foreclosure is an action of closing the policy due to default in payment of outstanding loan and/or loan interest on due date.