Beneficiary Change & Charitable Giving Quiz
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Questions and Answers

Which form should be completed and returned to HSBC in order to make a change of beneficiary or dementia benefit recipient?

  • Change of Beneficiary form
  • Change of Beneficiary/Dementia Benefit Recipient/Nomination for Charitable Giving Benefit form (correct)
  • Dementia Benefit Recipient form
  • Nomination for Charitable Giving Benefit form

    • What will happen if the required information is missing from the application?

  • The application will be processed without the missing information
  • The application will not be processed (correct)
  • The application will be put on hold
  • The application will be rejected

    • When will the change of beneficiary be effective?

  • Immediately upon submission of the application
  • After the required information is provided
  • After the completion of the application form
  • After receiving written confirmation from HSBC (correct)

    • Why is it necessary to establish the status of the policyholder and connected persons under the contract?

    <p>To comply with the regulations of the United States Department of the Treasury and Internal Revenue Service</p> Signup and view all the answers

    What is the purpose of the Foreign Account Tax Compliance Act (FATCA) regulations?

    <p>To ensure compliance with tax regulations</p> Signup and view all the answers

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