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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?
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?
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?
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?
Why is it necessary to establish the status of the policyholder and connected persons under the contract?
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What is the purpose of the Foreign Account Tax Compliance Act (FATCA) regulations?
What is the purpose of the Foreign Account Tax Compliance Act (FATCA) regulations?
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