Which of the Following Statements About the Ownership of a Life

question 41

Multiple Choice

Which of the following statements about the ownership of a life insurance policy is (are) true?
I.Under the ownership clause,the policyowner and beneficiary equally share all contractual rights in the policy while the insured is living.
II.The policyowner can designate a new owner by filing an appropriate form with the insurance company.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Future

The time or period that comes after the present, which has yet to occur and is unknown or uncertain.

Presenteeism

The act of attending work while sick, resulting in reduced productivity and potentially prolonging illness.

Attending Work

The act of being physically present and engaged in the workplace environment as required by one's employment obligations.

Stressed

The feeling of being overwhelmed or unable to cope with mental or emotional pressure.