Beneficiary Change & Charitable Giving Quiz

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5 Questions

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

Change of Beneficiary/Dementia Benefit Recipient/Nomination for Charitable Giving Benefit form

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

The application will not be processed

When will the change of beneficiary be effective?

After receiving written confirmation from HSBC

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

To comply with the regulations of the United States Department of the Treasury and Internal Revenue Service

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

To ensure compliance with tax regulations

HSBCBEN Change of Beneficiary/Dementia Benefit Recipient/Nomination for Charitable Giving Benefit Quiz - Test your knowledge on the process of changing beneficiaries, selecting dementia benefit recipients, and nominating charitable organizations for giving benefits. Learn about the important information required and the necessary steps to ensure your application is processed successfully.

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