Exam (elaborations)
Chapter 5: Life Insurance Premiums, Proceeds, and Beneficiaries Correct 100%
- Course
- Institution
Who is the beneficiary in a life insurance policy? - ANSWERThe stated person or entity who is designated to receive the death proceeds When a policy loan is requested by a policyowner and it requires the consent of the beneficiary, what kind of beneficiary designation is this? - ANSWERIrrevocabl...
[Show more]